The global technology industry experienced a 12% decline in the number of artificial intelligence-related patent applications in Q1 2024 compared with the previous quarter. The total number of artificial intelligence-related grants rose by 4% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Technology: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of artificial intelligence-related patent applications in the technology industry was 33,338 in Q1 2024, versus 38,038 in the prior quarter.
The top five companies accounted for 8% of patenting activity
Analysis of patenting activity by companies shows that Samsung Group filed the most artificial intelligence patents within the technology industry in Q1 2024. The company filed 671 artificial intelligence-related patents in the quarter, compared with 589 in the previous quarter. It was followed by Alphabet with 598 artificial intelligence patent filings, State Grid Corporation of China (499 filings), and Huawei Investment (412 filings) in Q1 2024.
Patenting activity was driven by China with a 49% share of total patent filings
The largest share of artificial intelligence related patent filings in the technology industry in Q1 2024 was in China with 49%, followed by the US (27%) and Japan (4%). The share represented by China was 15% lower than the 64% share it accounted for in Q4 2023.
For further understanding of GlobalData's Technology: Patents Trends Q1 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce 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 group patents into key thematic areas and link them to specific companies across the world’s largest industries.
