US Patent Issued to International Business Machines on July 21 for "Secure and fair competitive bidding" (American, Australian Inventors)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,456, issued on July 21, was assigned to International Business Machines Corp. (Armonk, N.Y.).

"Secure and fair competitive bidding" was invented by Mahtab Mirmomeni (Vermont South, Australia), John Maxwell Cohn (Richmond, Vt.), Gustavo Alejandro Stolovitzky (Riverdale, N.Y.) and Stefan Harrer (Sandringham, Australia).

According to the abstract* released by the U.S. Patent & Trademark Office: "There are provided a system, a method and computer program product providing a data-to-model challenge platform for enabling bidders publicly build, test, evaluate, validate and optimize AI models on proprietary data while at the same time avoiding the need to grant them access to the data i...