09:22 AM EDT, 08/28/2024 (MT Newswires) -- Accenture ( ACN ) said Wednesday it was awarded a $75 million contract by the US Patent and Trademark Office to scale its use of artificial intelligence and modernize how it performs patent examinations.

The company said AI technology in IT tools is intended to improve the USPTO's efficiency in sorting through the hundreds of thousands of patent applications it receives each year.

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