02:15 PM EDT, 05/23/2024 (MT Newswires) -- T Stamp ( IDAI ) said Thursday it has filed a patent for an artificial intelligence-based process to improve the performance of biometric-based age estimation algorithms.

Rising regulatory pressure and the proliferation of age-restricted content has produced a rapidly growing market for low-friction age verification, the company said.

The company also said it has received a notice of allowance from the US Patent and Trademark Office for a new patent entitled "Personal Identifiable Information Encoder."

The stock was up more than 9% in recent trading.

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