From our analysis on patent data, we found that most of the applicants filed their patent applications to United States, relatively more than China and other European countries. Secondly, within the pool of patents that we analyzed, we found that majority of the claims were method claims, on how to use the different types of AI technologies (deep learning and the different types of neural network) to perform image recognition. Thirdly, in terms of technology combination, convolutional neural network (CNN) is frequently used with supervised training for image recognition.
From our analysis on investment data, we found that investors started to invest more globally (outside of United States) since 2010, thereby investing more in Asia and Europe. Secondly, we found that majority of the investors made their investments during the early VC stage. Lastly, international market players within this industry were using investment as a strategy to acquire technologies and other resources.