Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 14, 2020

India Second-Highest Contributor As IBM Gets Record Number Of U.S. Patents

India Second-Highest Contributor As IBM Gets Record Number Of U.S. Patents
An employee works at a laptop computer inside the Ustream, Inc. office, which is owned by IBM in Budapest, Hungary (Photographer: Akos Stiller/Bloomberg)  

Tech giant IBM on Wednesday said it has received record 9,262 U.S. patents in 2019, with India being the second-highest contributor.

"IBM inventors received record 9,262 U.S. patents in 2019, achieving a milestone of most patents ever awarded to a U.S. company and marking the company's 27th consecutive year of U.S. patent leadership," a statement said.

In 2019, IBM was granted patents across key technology areas such as artificial intelligence (AI), blockchain, cloud computing, quantum computing and security, it added.

IBM inventors from India received over 900 patents, the second-highest contributor to the global tally after the U.S. Few of the patents filed from India include infrastructure costs and benefit tracking, automation and validation of insurance claims for infrastructure risks and failures in multi-processor computing environments, and eye contact-based information transfer.

"The pace of innovation continues to accelerate and reach unprecedented levels, especially in IBM's Labs. Technology advances -- whether AI, cloud or quantum computing will all contribute to solving the biggest challenges facing business and society," said John E Kelly III, executive vice-president, IBM.

Since 1920, IBM has received more than 140,000 U.S. patents. This year, more than 8,500 IBM inventors, spanning 45 different U.S. states and 54 countries contributed to the patents awarded to IBM, the statement said.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search