Samsung has third most patents on AI: Report

Image
IANS Seoul
Last Updated : Jun 07 2019 | 8:50 PM IST

Samsung Electronics Co. has the third-largest number of patents related to artificial intelligence (AI), coming behind two US tech giants, a report showed on Friday.

Microsoft Corp. has the most, with 18,363 AI-related patents as of January, followed by IBM Corp. with 15,046 and Samsung with 11,243, according to the report by Germany-based researcher IPlytics.

Five of the top 10 companies were based in the United States, two in Japan, one in South Korea, one in the Netherlands and one Germany, Yonhap news agency reported.

The number of AI-related patents per year has jumped from 22,913 in 2008 to 78,085 in 2018 as more tech companies have delved into the replication of human intelligence by machines for use in a wide range of industries, it noted.

"The more countries in which an invention has been patented, the higher the perceived international market potential for the patented invention," the study said.

Samsung, also the world's largest smartphone maker, has been racing to propel innovation in AI technology to foster new growth drivers, having been working on various types of AI applications in smartphones and other electronics in its AI labs.

--IANS

ksc/prs

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 07 2019 | 8:38 PM IST

Next Story