Specifically, the number of patent applications related to artificial intelligence in the banking and payments industry was 716 in Q1 2023, compared to 1,305 in the previous quarter.
The top five companies accounted for 32% of patent activity.
Analysis of patent activity by companies shows that China Investment filed the most artificial intelligence patents in the banking and payments industry in Q1 2023. followed by Industrial and Commercial Bank of China 50 artificial intelligence patent filings, Ant Group (47 files) and Agricultural Bank of China (37 files) in Q1 2023.
Patent activity is led by China, which accounts for 41% of total patent filings.
In Q1 2023, China accounted for the largest share of patent filings related to artificial intelligence in the banking and payments industry at 41%, followed by the US (7%) and South Korea (2%). China’s share was 8% lower than its 48% share in Q4 2022.
To learn more about GlobalData’s analysis on Artificial Intelligence (AI) Market Size, Share, Trends Analysis and Segment Forecasts 2021-2026, purchase the report here.
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GlobalData, a leading provider of industry intelligence, provided the data, research and analysis used to prepare this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to assign patents to key thematic areas and link them to specific companies in the world’s largest industries.
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