MUMBAI, India, Sept. 12 -- Intellectual Property India has published a patent application (202411012643 A) filed by Bennett University, Greater Noida, Uttar Pradesh, on Feb. 22, 2024, for 'ai-based price estimation in online auctions.'
Inventor(s) include Prof. Ajith Abraham; and Prof. Arpit Bhardwaj.
The application for the patent was published on Sept. 12, under issue no. 37/2025.
According to the abstract released by the Intellectual Property India: "The invention provides a system for artificial intelligence-based price estimation in online auctions. The system comprises a data input module to receive and process data concerning auction items, a machine learning module trained to estimate auction prices, and an output module to prese...