Bank of America had 16 patents in ecommerce during Q1 2024. The Bank of America Corp filed patents related to energy optimization for edge computing systems, monitoring and managing shared utilization of resource units, tracking resources using non-fungible tokens, and enabling technology delivery using a heatmap with a single pane view. These patents focus on improving efficiency, transparency, and management of resources and technology delivery processes. GlobalData’s report on Bank of America gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Bank of America grant share with ecommerce as a theme is 31% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Energy optimization platform using artificial intelligence and edge computing (Patent ID: US20240095628A1)

The patent filed by Bank of America Corp. relates to energy optimization in computing platforms. The system receives event processing requests, identifies parameters, and uses a global energy optimization model to determine the edge computing system for processing. The event is then routed to the edge system with commands to process it using an energy mix specified by a local energy optimization model. The local model processes the event based on the energy mix identified, optimizing energy usage.

The claims detail the functions of the computing platform, including training the global energy optimization model with historical data, identifying edge systems based on cost efficiency, and updating energy optimization models. The system can also incorporate user preferences for energy sources. The method involves receiving event processing requests, determining parameters, and routing them to edge systems for processing using energy optimization models. Training these models with historical data and ensuring accuracy levels are maintained are also part of the method. The patent aims to efficiently process events by optimizing energy usage in edge computing systems.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.