Lucas GC Limited Received a Significant Invention Patent in Artificial Intelligence
Rhea-AI Summary
Lucas GC (NASDAQ: LGCL), an AI-driven PaaS company, has received a significant invention patent in China for "AI Enabled Prescriptive Persuasion Processes Based on Speech Emotion Recognition and Sentiment Analysis." This marks the company's second patent in 2024, bringing its total patent count to 18.
The patent relates to an AI-based computer-aided persuasion system (CAPS) that analyzes user and target audio streams using neural network models to generate persuasion references, increasing the likelihood of recommendation acceptance. CEO Howard Lee emphasized the patent's importance in enhancing their recommendation algorithm's accuracy, with applications in human resources, insurance, and wealth management verticals.
Lucas GC boasts 638,000 agents working on its platform and holds 74 registered software copyrights in AI, data analytics, and blockchain technologies.
Positive
- Received a significant AI invention patent in China
- Second patent obtained in 2024, bringing total patent count to 18
- Patent expected to increase accuracy of recommendation algorithm
- Technology applicable to multiple industry verticals
- Potential for increased transaction closing rates and higher monetization
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, LGCL gained 2.79%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company whose technologies have been applied to the human resources, insurance and wealth management industry verticals, announced today that it has received an invention patent “Artificial Intelligence (AI) Enabled Prescriptive Persuasion Processes Based on Speech Emotion Recognition and Sentiment Analysis” in China.
This is the second patent that Lucas has obtained in the year of 2024, making the total number of patents that Lucas holds at eighteen.
This patent relates to methods and systems provided for the AI-based computer-aided persuasion system (CAPS). The CAPS obtains content output by analyzing the user audio stream and the target audio stream using neural network models, and generates persuasion references that increase the acceptance likelihood of recommendations.
Howard Lee, Chief Executive Officer of Lucas, said, “Being an AI-driven technology company, we’re glad to have received such an important invention patent in the core AI technology. This patent significantly increases the accuracy of our recommendation algorithm and has wide applications in such verticals as human resources, insurance and wealth management. The technology will increase the closing rate of transactions resulting in higher monetarization rates for our users.”
About Lucas GC Limited
With 18 granted U.S. and Chinese patents and over 74 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven Platform as a Service (PaaS) company with over 638,000 agents working on its platform. Lucas’ technologies have been applied to the human resources, insurance and wealth management industry verticals. For more information, please visit: https://www.lucasgc.com/.
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FAQ
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