Artificial Solutions Pioneering Conversational AI Patents Validated by Tech Giants’ Forward Citations
Stockholm, Sweden, Monday 23rdSeptember 2019 – Artificial Solutions® (SSME:ASAI), the leading specialist in enterprise-strength conversational AI, announced today that the value of its patent portfolio has grown by more than 50%. At the same time the number of forward citations of Artificial Solutions’ founding patents in conversational AI technology has increased substantively.
Forward citations indicate that newer patents acknowledge the importance of a foundational patent in the space. Since 2016, many of the largest software companies in the world including Apple, Nuance, Google and IBM have made forward citations of Artificial Solutions’ pioneering patents, confirming the company’s position as a leading innovator in the conversational AI space.
After analysis by a leading independent patent validation firm, Artificial Solutions intellectual property valuation has risen to over $152m, up from $96.5m in 2016. The valuation considers how the scope and influence of the company’s intellectual property has expanded and bases its conclusion on the patents overall market opportunity combined with the potential opportunities in the conversational AI market.
“It’s rewarding to see so many of our patents included in forward citations,” says Lawrence Flynn, CEO of Artificial Solutions. “Innovation has, and always will be, one of Artificial Solutions core strengths and these forward citations strongly validate our technology-relevance to major software companies in the conversational AI eco-system. Recognising where the conversational AI market is going and ensuring we deliver the development technology to enable enterprises to maximise the benefits is one of the key reasons so many of the world’s leading brands chose our technology.”
Artificial Solutions has a number of patents relating to the current and expected future development of conversational AI market primarily in natural language processing (NLP) and natural language interaction (NLI).
For more information:
Lawrence Flynn, CEO, Artificial Solutions
Tel: +44 (0)1635 523267
Artificial Solutions® is the leading specialist in enterprise-strength conversational AI, a form of Artificial Intelligence that allows people to communicate with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.
Designed for the global enterprise, Artificial Solutions' advanced conversational AI platform, Teneo®, allows business users and developers to collaborate on creating sophisticated, highly intelligent applications that run across 35 languages, multiple platforms and channels in record time. The ability to analyze and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of insight that reveal what customers are truly thinking.
Artificial Solutions' conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, chatbots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide. For more information, please visit www.artificial-solutions.com.