IBM dominates AI patents, startup CognitiveScale penetrates the top 10

Artificial Intelligence is an emerging transformative technology that is poised to revolutionize the way we live. The race is on to build AI systems that successfully simulate human intelligence. Companies have begun to recognize the advantages AI can bring into their products and have started pouring investments into research & development (R&D) efforts in the field, investing in larger compute power and acquiring talent from universities and start-up companies. Notably, the increasing adoption of AI has resulted into a predicted significant growth increase in the AI market, with market growth rate estimates reaching as high as 60% for 2017–2022.[1] Based on our analysis, IBM has had more AI-related utility patents and patent applications (P/PA) with filing dates over 2004–2018 than any other company.