New Delhi: Union Commerce and Industry Minister Piyush Goyal on Wednesday launched an AI (artificial intelligence) and ML (machine learning) search tool that will help clear trademark applications at a faster pace and with greater efficiency.
The minister said that AI will have to be accepted by all as it would help further promote ease of doing business in every field.
“It (AI/ML search tool) will help clear trade mark applications much faster, efficiently and accurately,” Goyal said.
AI is an existential tool and its faster adoption would improve the outcome of work, he added.
The commerce minister also said that the search tool and IP (intellectual property) chat bot would further strengthen the IPR ecosystem of the country. The chatbot will help process queries faster.
India is the third-largest trade mark and sixth-largest patent filer in the world.
Last year, more than one lakh patents were granted as against 6,000 in 2014-15, Goyal pointed out.
