financetom
Business
financetom
/
Business
/
China leading generative AI patents race, UN report says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China leading generative AI patents race, UN report says
Jul 3, 2024 1:52 AM

GENEVA, July 3 (Reuters) - China is far ahead of other

countries in generative AI inventions like chatbots, filing six

times more patents than its closest rival the United States,

U.N. data showed on Wednesday.

Generative AI, which produces text, images, computer code

and even music from existing information, is exploding with more

than 50,000 patent applications filed in the past decade,

according to the World Intellectual Property Organization

(WIPO), which oversees a system for countries to share

recognition of patents.

A quarter of them were filed in 2023 alone, it said.

"This is a booming area this is an area that is growing at

increasing speed. And it's somewhere that we expect to grow even

more," Christopher Harrison, WIPO Patent Analytics Manager, told

reporters.

More than 38,000 GenAI inventions were filed by China

between 2014-2023 versus 6,276 filed by the United States over

the same period, WIPO said.

Harrison said the Chinese patent applications covered a

broad area of sectors from autonomous driving to publishing to

document management.

South Korea, Japan and India were ranked third, fourth and

fifth respectively, with India growing at the fastest rate, the

data showed.

Among the top applicants were China's ByteDance - which owns

video app TikTok - Chinese e-commerce giant Alibaba Group ( BABA ), and

Microsoft ( MSFT ), a backer of startup OpenAI which created ChatGPT.

While chatbots with the ability to mimic human discourse are

already being widely used by retailers and others to improve

customer service, GenAI has the potential to transform many

other economic sectors like science, publishing, transportation

or security, WIPO's Harrison said.

"The patent data suggests this is an area that is going to

have a profound impact across many different industrial sectors

going forward," said WIPO's Harrison, highlighting the

scientific sector where GenAI-created molecules have the

potential to expedite drug development.

WIPO said it expects a further wave of patents to be filed

soon and plans to release a future update of the data, possibly

using GenAI to illustrate the trend.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Intel received the $5.7 billion under Trump investment deal on Wednesday night, CFO says
Intel received the $5.7 billion under Trump investment deal on Wednesday night, CFO says
Aug 28, 2025
Aug 28 (Reuters) - Intel ( INTC ) received the $5.7 billion in cash on Wednesday night as part of the deal U.S. President Donald Trump negotiated for a 10% stake in the struggling chipmaker, finance chief David Zinsner said at an investor conference on Thursday. The stake in Intel ( INTC ) announced by the U.S. government last week...
Nike to cut more corporate jobs amid turnaround effort
Nike to cut more corporate jobs amid turnaround effort
Aug 28, 2025
Aug 28 (Reuters) - Nike ( NKE ) is planning on cutting less than 1% of its corporate workforce as part of the sportswear maker's plans to turn around its business under CEO Elliott Hill. Fewer than 1% of its corporate team will be departing, the company said on Thursday. As of May 31, Nike ( NKE ) had about...
--Intel Receives Remaining $5.7 Billion in CHIPS Act Grants Under Trump Deal
--Intel Receives Remaining $5.7 Billion in CHIPS Act Grants Under Trump Deal
Aug 28, 2025
01:09 PM EDT, 08/28/2025 (MT Newswires) -- Price: 24.71, Change: -0.15, Percent Change: -0.58 ...
Richtech Robotics Insider Sold Shares Worth $301,000, According to a Recent SEC Filing
Richtech Robotics Insider Sold Shares Worth $301,000, According to a Recent SEC Filing
Aug 28, 2025
01:10 PM EDT, 08/28/2025 (MT Newswires) -- Phil Zheng, Chief Operating Officer, on August 26, 2025, sold 100,000 shares in Richtech Robotics ( RR ) for $301,000. Following the Form 4 filing with the SEC, Zheng has control over a total of 1,100,000 Class B common shares of the company, with 1,100,000 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1963685/000121390025081570/xslF345X05/ownership.xml Price: 3.06,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved