The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 24, 2025
Filed:
Oct. 10, 2023
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Brian Mark Fields, Phoenix, AZ (US);
Nathan L. Tofte, Downs, IL (US);
Joseph Robert Brannan, Bloomington, IL (US);
Vicki King, Bloomington, IL (US);
Justin Davis, Bloomington, IL (US);
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, IL (US);
Abstract
Systems and methods for an artificial intelligence (AI)/machine learning (ML) chatbot for intelligent negotiation of terms is disclosed herein. An exemplary computing system includes one or more processors; and a memory storing executable instructions thereon. When executed by the one or more processors, these instructions may cause the one or more processors to: receive, from a first contracting party during a negotiating period, a plurality of prospective terms for a contractual agreement; and determine, via an AI chatbot, whether the plurality of prospective terms are acceptable terms based on a plurality of parameters indicated by a second contracting party. Responsive to determining that the plurality of prospective terms are unacceptable terms, the instructions may further cause the processors to generate, via the AI chatbot, a plurality of counter terms based on the plurality of parameters; and transmit the plurality of counter terms to the first contracting party.