Patent report highlights AI boom

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www.newelectronics.co.uk, Jan. 27, 2021 – 

Leading IP firm, Marks & Clerk, has released one of the most comprehensive reports of its kind analysing artificial intelligence patent filings in Europe, exploring long term trends following a steep rise.

The research revealed that in the first half of 2020 alone, around 650 AI patent applications per month were published in areas ranging from autonomous vehicles and speech recognition to drug discovery.

It found European applicants had a higher success rate than their US counterparts, and identified an acceleration in Chinese applicants who accounted for around 7 per cent of AI applications published in 2019.

Mike Williams, Chartered (UK) and European Patent Attorney from Marks & Clerk, said: "Research and development in AI continues to grow, and as well as seeing large-scale investment into AI start-ups, the proportion of AI applications from larger filers is growing. This tells us there is a growing appetite from more established companies to become increasingly active in the AI space.

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