Time Travel: 2014

Chapter 117 There are no inferior patents (continued)

At 8:50 am on June 21st, BJ time, Beiyu City.

Lin Hui saw the notification on his phone as soon as he got up.

The patents he previously purchased on the official website of the US Patent Office are listed below.

He actually successfully acquired three patents at once.

Although these patents are not major patents related to the national economy and people's livelihood.

But Lin Hui was quite surprised to be able to get three patents at once.

Lin Hui originally thought that Laos and the United States would be particularly wary of the Chinese acquiring patents.

It seems to be worthy of decadent capitalism. Once the money is in place, everything will be easy.

Of course, this may have a lot to do with the fact that the relationship between Tu Ying and Tu Ying is not as tense as it was in a few years.

After logging into the official website of the United States National Patent Office, Lin Hui discovered that there were indeed three more patents in the personal patent column on his account interface.

Lin Hui's attention was immediately attracted by the patent "A New Method for Text Judgment, Screening and Comparison".

(ps: ...the Chinese patent was translated by me, but I always feel that the translation is a bit strange.

A New Approach to Textual Judgment Screening and Comparison)

Lin Hui has been thinking about this patent for a long time.

To be honest, Lin Hui purchased many patents on the patent website.

But other patents are basically used as a foil or as an interference item for this patent.

Only the patent "A New Method for Text Judgment, Screening and Comparison" is what he really needs at the moment.

Such a patent and all kinds of messy handling fees actually cost Lin Hui only 750,000 US dollars to get it.

Although the price is already approximately more than 4 million yuan.

But this was a huge advantage for Lin Hui.

Look at it from the perspective of people in this time and space.

"A New Method for Text Judgment, Screening and Comparison" may be just an ordinary patent used to screen original texts.

But Lin Hui knew that things were not as simple as they seemed.

The model presented in this patent can almost be said to be the predecessor of the discriminative model in neural networks that appeared in 2016/17.

I remember that this patent was selected as one of the 10 most valuable patents in machine learning by a machine learning magazine published by the University of California, Berkeley, in 2018.

If we delay it for two or three years, the algorithm patent "A New Method for Text Judgment, Screening and Comparison" will be sold separately.

It may be possible to sell it for US$2 million to US$2.5 million.

However, Lin Hui has no intention of selling this patent.

This was not Lin Hui’s intention in purchasing this patent.

The greatest value of this patent to Lin Hui lies in relying on this patent

Lin Hui can reasonably complete the "improvement" of the second and third generation text summarization technology and the "breakthrough" of the fourth and fifth generation text summarization technology.

The reason why improvements and breakthroughs are put in quotation marks is because for Lin Hui, the above-mentioned technologies can be produced effortlessly.

The best part is that "A New Method for Text Judgment, Screening and Comparison" is actually a global patent.

This will undoubtedly save Lin Hui a lot of extra trouble.

It can be said that after purchasing this patent, it basically filled the last gap in the barrier of generative text summarization built by Lin Hui.

In the next two to three years, it will be difficult for other technical teams to challenge Lin Hui’s hegemony in the field of text summarization.

No one can guarantee what will happen in two or three years, but at least Lin Hui can sit back and relax in terms of text summarization in the short term.

As for the two patents that were obtained incidentally, they are also patents for automatic text summary content representation.

But it is of no use to Lin Hui for the time being.

The other two patents cost Lin Hui a total of US$900,000 including miscellaneous expenses.

But that’s not a big problem, it’s not a waste.

Currently, Lin Hui has a total of four overseas patents, including a patent for a generative text summarization algorithm and a patent for a new method of text judgment, screening and comparison.

If both of the patents prove to be of great value.

It will be difficult for the other two patents not to be noticed.

Even if Lin Hui doesn't sell it, someone will probably beg Lin Hui and express his willingness to pack it up and buy it at a high price.

Lin Hui is not just talking nonsense, there is a saying that a rising tide lifts all boats.

(It’s so confusing that just by issuing a patent for a paper straw, you can easily make millions of dollars, so disgusting)

The purchase of three patents cost Lin Hui US$1.65 million (the balance on the 0010 card also became US$29.4 million).

But now Lin Hui basically doesn’t have to worry too much about money.

His income far exceeds his output.

Nonetheless, unnecessary expenses can still be avoided.

The patent acquisition Lin Hui on the US patent website has achieved his goal.

For other patents, Lin Hui has canceled all acquisitions.

As for whether it will cause misunderstanding to the outside world?

Lin Hui hoped that the outside world would have some strange associations.

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