According to the report, out of the top 10 companies, five were based in the US, two in Japan, one in the Netherlands, one in South Korea and one Germany
Tech giant Microsoft Corporation has the largest number of patents in the domain of artificial intelligence (AI), according to a latest report by Germany-based start-up IPlytics.
Microsoft has 18,363 AI-related patents as of January this year, followed by IBM with 15,046 patents, the report says.
Samsung Electronics ranks third when it comes to the number of patents related to AI, coming behind the two US technology majors – Microsoft and IBM.
According to the report, out of the top 10 companies, five were based in the US, two in Japan, one in the Netherlands, one in South Korea and one Germany.
Surge in overall patents
The number of patents related to AI annually has surged to 78,085 in 2018 from 22,913 in 2008 as more technology companies have been exploring opportunities into the replication of human intelligence by machines in order to use in a wide variety of industries, the report notes.
“The more countries in which an invention has been patented, the higher the perceived international market potential for the patented invention,” it says.
Recently, Microsoft has launched new machine learning (ML) products and is planning to provide training related to AI skills to 15000 people by 2022.
Samsung, the largest smartphone maker in the world, has been competing to push innovation in AI technology to foster new growth drivers. The company has been working on several types of AI applications for smartphones and other electronics devices in its AI labs.
According to the report, patent directors should begin to think about cost of royalty and security payments.
Patent data is also vital
Patent directors should take into consideration the information collected from patent data as well as monitor data on patent transfers or data on patent litigation, it says.
Over the years, AI-related patents have become necessary. In January 2019 alone, more than 9,000 patents were filed.
The report assessed 448,684 patents from 204,947 patent families.