US Patent Issued to The Trustees of the University of Pennsylvania, Carnegie Mellon University on Aug. 11 for "Machine learning models for patent valuation" (Pennsylvania, New Jersey Inventors)

ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,679, issued on Aug. 11, was assigned to The Trustees of the University of Pennsylvania (Philadelphia) and Carnegie Mellon University (Pittsburgh).

"Machine learning models for patent valuation" was invented by David Hwei-Yu Hsu (Philadelphia), Prasanna Tambe (Wynnewood, Pa.) and Dokyun Lee (Englewood Cliffs, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods, systems, and computer readable media for using machine learning models to determine predicted values of patent documents. In some examples, a method includes training, by at least one processor, a machine learning model to predict patent value based on unstructured text from training p...