[American Thinker] PwC Consulting forecasts that artificial intelligence’s contribution to world gross domestic product will jump from $2 trillion in 2018 to $15.7 trillion by 2030.The first artificial intelligence (AI) patents were issued in the 1950s for machine learning and grew steadily to 19,000 by 2013. But the total number of AI patents almost tripled over the last five years to over 55,600.
This does not include another 256,456 worldwide patent publications for AI functional applications for biometrics, computer vision, natural language, information extraction, character recognition, scene understanding, and semantics.
The latest World Intellectual Property Organization (WIPO) reported that two United States companies lead the world in issued AI patents; with IBM holding 8,290 patents and Microsoft holding about 5,930 patents. But China has become the fastest growing competitor by focusing on machine learning techniques of bio-inspired approaches, which draw from observations to develop vector machines and supervised learning.