Unlocking the Potential of AI and ChatGPT in Patent Bucketing
By: Mayur Dhingra
OpenAI’s ChatGPT, an advanced language model, has taken the world by surprise due to its remarkable language processing functions. Just three months since its launch, ChatGPT has already had a considerable effect on numerous industries such as healthcare, finance, and marketing. ChatGPT is a natural language processing instrument that may modify how businesses handle their intellectual property resources. In this article, we will investigate the practical application of patent bucketing and how AI and ChatGPT can be utilized to refine a patent portfolio.
“One of the most relevant uses of AI and ChatGPT in the patent field is patent bucketing. Patent bucketing is the separation of a patent portfolio into various technology sections. This technique assists companies in determining the worth of each patent, eliminating redundancies, and refining their patent portfolio. Nevertheless, manual patent bucketing can be a time-consuming and labor-intensive task, particularly for companies with large patent portfolios.”
Patent Bucketing using ChatGPT:
The trick with ChatGPT (and with any other AI language model) is that you need to provide it with a specific query by creating a prompt. A prompt is like programming but with English as the programming language.
The exact prompt for Patent Bucketing:
Sample dataset*:
We used this sample dataset (shown in an excel file) as the input for example purpose-
* Please note that this dataset has been generated randomly using the Google Patent database. The cited patents are the property of their respective assignees.
Response:
In conclusion, the use of AI and ChatGPT in the IP and Patent Landscape can help businesses manage their patent portfolio effectively, identify valuable patents, and reduce redundancies. The practical example of patent bucketing demonstrates how AI and ChatGPT can be used to automate manual processes and optimize patent portfolio value. As businesses continue to invest in technology and innovation, the use of AI and ChatGPT in IP and Patent landscapes will become increasingly important for maximizing the value of intellectual property assets.
We also created a sample app for Bucketing where you just need to provide an input dataset to perform bucketing. You can access it here: Brancher AI
Note: This sample app has been created on a platform called Brancher. You might have to log in to their platform to access it.
