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🌐The Patent Boom: Generative AI on the Rise The World Intellectual Property Organization’s latest Patent Landscape Report on Generative AI sheds light on the explosive growth of GenAI-related innovations. Since 2014, over "54,000 patent families" and "75,000 scientific publications" have emerged. In 2023 alone, more than 25% of all GenAI patents globally were published, highlighting the rapid acceleration of this field. While GenAI patents still account for only "6% of all AI patents globally", their diversity is remarkable. Image and video data dominate the landscape (17,996 inventions), followed by text and speech/music applications. Industries leveraging GenAI span from life sciences to transportation, with new applications in molecule and protein-based data seeing an annual growth of 78% over the past five years. Top contributors include Tencent, IBM, Microsoft, and Samsung, with "China leading innovation globally", filing over 38,000 inventions—six times more than the U.S. As GenAI continues to drive advancements in fields like drug discovery, document management, and autonomous systems, this report serves as a critical snapshot of its transformative potential. #GenerativeAI#Patents#AIInnovation

👆According to the Ministry of Commerce and Industry, the number of patents granted has surged from 4,227 in 2013-14 to 41,010 in 2023-24, marking an 870% increase in the number of patents granted since 2013-14. #Patents#InnovationGrowth

Lightbringer Secures $4.41M Funding Lightbringer has raised $4.41 million in funding on December 18, 2024. The platform offers AI-powered solutions for patent protection, simplifying the patent process with support from experienced patent attorneys. Learn more at Lightbringer. #Funding#AI#Patents#LegalTech#Lightbringer