Big banks have accelerated the pace of patents filed for AI and AI-related innovations, according to new data from consultancy Evident. There were 854 new patent filings in the year ending June 2022, up 21% from the same period the year prior, according to Evident. There are also knock-on effects, like how a strong patent culture can help banks stand out in the war for talent. This patent data, pulled from Google's patent database, accounts for the 12-month period ending in June 2022. JPMorgan Chase, which leads Evident's AI research index, follows with 120 AI and AI-related patent filings.

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Persons: Banks, Alexandra Mousavizadeh, Mousavizadeh, America's Erica, One's Eno, Sumeet Chabria Organizations: Business, Capital, Bank of America, JPMorgan Chase, chatbots, Bank, America's