Technology Magazine August 2024 | Page 13

This month , Amazon turns 30 , China steams ahead of the US in the patent race and LTIMindtree ’ s CEO on the importance of AI investment
WRITTEN BY : MARCUS LAW
LTIMINDTREE : AI INVESTMENT IS A MUST FOR BUSINESS RESILIENCE
AI can offer a range of opportunities to businesses , such as improving operational efficiency and increasing revenue streams . One such company taking advantage of these positive use cases is LTIMindtree , a global technology consulting and digital solutions company that helps businesses expand beyond their traditional expertise .
CHINA STEAMS AHEAD OF THE US IN THE AI PATENT RACE
China has surged ahead in the generative AI landscape , filing over 38,210 AI patents between 2014 and 2023 . This places it ahead of other nations focused on digital transformation , such as the US ( 6,276 ), South Korea ( 4,155 ), Japan ( 3,409 ) and India ( 1,350 ), according to a recent report by Reuters .
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