Artificial Intelligence Innovation by Financial Innovators:
Evidence from US Patents

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Artificial Intelligence Innovation by Financial Innovators: Evidence from US Patents

This paper examines the evolution of artificial intelligence (AI) patent rates (i.e., the number of AI patents/number of firms of the same type) and concentration metrics (i.e., the Herfindahl-Hirschman Index (HHI) and Gini coefficient) among financial market participants from 2000 to 2020.

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