US Patent Issued to State Farm Mutual Automobile Insurance on July 28 for "Large language modeling systems and methods for building, testing, and validating a predictive model" (Illinois Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,694,432, issued on July 28, was assigned to State Farm Mutual Automobile Insurance Co. (Bloomington, Ill.).

"Large language modeling systems and methods for building, testing, and validating a predictive model" was invented by Michael W. Fields (Bloomington, Ill.), Stephen Prevatt (Bloomington, Ill.) and Jeff Stoiber (Bloomington, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer system for building, simulating, and/or validating a predictive model. The computer system programmed to (i) analyze one or more predictive pricing sub-models to detect one or more issues; (ii) execute a GPT model on the one or more predictive pricing sub-models, t...