eBay had 12 patents in social media during Q4 2023. eBay Inc has developed a method for training and selecting machine learning models to predict selling times of items. The models are trained with data points from different time periods and updated with additional data. Additionally, eBay Inc has created a system that automatically generates sales listings based on buyer interactions with digital images, reducing manual effort for sellers and improving scalability. GlobalData’s report on eBay gives a 360-degreee view of the company including its patenting strategy. Buy the report here.
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eBay grant share with social media as a theme is 58% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Social network initiated listings (Patent ID: US20230342660A1)
The patent filed by eBay Inc. describes a method for training and selecting machine learning models to predict selling times of items. The method involves obtaining data points associated with an item during a specific time period, providing these data points to two machine learning models, training both models to predict selling times, comparing the predicted selling times with the actual selling time of the item, and selecting the model with the most accurate prediction for future items. The models are updatable with additional data points from a different time period to improve accuracy.
Furthermore, the patent includes claims detailing additional steps such as obtaining data points for multiple items, determining time estimates for selling these items using the selected machine learning model, retrieving data points from a database based on item identification, and considering various attributes like seller feedback score, price, images, and quantity of items in the prediction process. The method also involves assigning different weights to data points to train the machine learning models effectively. Overall, the patent outlines a comprehensive approach to leveraging machine learning for predicting selling times of items on an online platform like eBay.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
