Patent valuation 2023-10-20
PatentPI (Patt) icon

PatentPI (Patt)

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ByNicolas Daneman
Helps with valuation and evaluation of your patent
GPT welcome message: Hello! Let's assess your patent's value. What can I help with?
Sample prompts:
Estimate the value of this patent for me.
I need a dollar amount for my patent's worth.
What's the estimated value of this patent?
Provide a dollar valuation for this patent, please.
Generated by ChatGPT

PatentPI (Patt) is a Generative Pre-trained Transformer (GPT) developed to assist with the evaluation and valuation of patents. Designed as an add-on function for ChatGPT, it can be utilized to calculate the worth of an individual patent by interpreting its installed features, possible practical applications, and assessing its potential market value.

After subscribing to the service, users can interact with PatentPI (Patt) through various predetermined prompt starters, such as queries regarding the estimated monetary value of a specific patent, or requests for patent worth calculation.Apart from providing estimations about a patent's worth, it can also help users understand the elements that contribute to the valuation.

This could include factors like the uniqueness of the patent, its potential for commercial exploitation, and the relevance of the patent in the existing market.

The evaluation process involves highly sophisticated algorithms capable of analyzing intricate details associated with patents. Designed by Nicolas Daneman, PatentPI (Patt) enables users to make informed decisions about their intellectual property by providing an objective evaluation of its worth.

As with all GPTs, the quality and reliability of the results rely heavily on the accuracy and depth of the data entered into the system, as the service works better with comprehensive and detailed data inputs.

Its primary purpose is to offer users a practical tool that alleviates the often complex and time-consuming process of patent valuation.

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PatentPI (Patt) was manually vetted by our editorial team and was first featured on December 19th 2023.
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