US Patent Issued to STATE FARM MUTUAL AUTOMOBILE INSURANCE on June 24 for "AI/ML chatbot for negotiations" (Arizona, Illinois Inventors)

ALEXANDRIA, Va., June 25 -- United States Patent no. 12,341,733, issued on June 24, was assigned to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (Bloomington, Ill.).

"AI/ML chatbot for negotiations" was invented by Brian Mark Fields (Phoenix), Nathan L. Tofte (Downs, Ill.), Joseph Robert Brannan (Bloomington, Ill.), Vicki King (Bloomington, Ill.) and Justin Davis (Bloomington, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for an artificial intelligence (AI)/machine learning (ML) chatbot for intelligent negotiation of terms is disclosed herein. An exemplary computing system includes one or more processors; and a memory storing executable instructions thereon. When executed by the o...