Groupon had five patents in artificial intelligence during Q1 2024. Groupon Inc’s patents filed in Q1 2024 focus on systems and methods for identifying new businesses through content analysis, classifying documents using a location hierarchy, and machine learning ranking for search results. These technologies involve analyzing online content, utilizing location-specific classifiers, and generating search results based on machine learning models. GlobalData’s report on Groupon gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Groupon grant share with artificial intelligence as a theme is 40% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Discovery of new business openings using web content analysis (Patent ID: US20240029086A1)
The patent filed by Groupon Inc. describes a system and method for identifying new businesses by analyzing content from online sources to discover references to these businesses. The system stores historical data of previously identified new businesses and uses attributes of these businesses in search queries to find related content. Additionally, the system can analyze structured and unstructured content, with source-specific algorithms determining the likelihood of content containing a new business reference. The patent also outlines the process of receiving content data from online sources, parsing the data to identify new business references, storing this data in a repository if not already stored, generating a confidence rating for the online source based on the references, and updating a source search index accordingly.
The apparatus and method described in the patent utilize pattern recognition algorithms, which can be selected based on whether the content data is structured or unstructured. The system also incorporates machine learning to create trainable functions for content analysis. The source search index is updated based on confidence ratings and source data quality signals, ensuring the accuracy and relevance of the information gathered. Additionally, the patent outlines the maintenance of the source search index by removing online sources that do not provide new business references within a specified period. Overall, the patent details a comprehensive system for efficiently identifying and verifying new businesses through online content analysis.
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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.
