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China, the new big dog in AI? Say it isn’t so!
China’s Dominance in AI Patents
China is significantly ahead in the generative AI patent race, with over 38,000 patents filed between 2014 and 2023, according to a recent UN report. This number is six times more than the patents filed by the United States, the next closest country. Generative AI, which can create text, images, and other content from existing data, has seen more than 50,000 patent applications globally in the past decade, with a quarter of these filed in 2023 alone.
Wide-Ranging Applications and Key Players
Chinese patents cover diverse sectors such as autonomous driving, publishing, and document management. Notable companies like ByteDance, Alibaba Group, and Microsoft are among the top applicants. Generative AI is not just about chatbots; it has the potential to revolutionise various industries, including science, publishing, transportation, and security.
Future Prospects and Industry Impact
The World Intellectual Property Organization (WIPO) anticipates further growth in this field, predicting a new wave of patent filings soon. Generative AI’s ability to expedite processes, such as drug development through AI-created molecules, underscores its transformative potential across multiple industries.
(Visit Reuters for the full story)
*An AI tool was used to add an extra layer to the editing process for this story.
