SYSTEM AND METHOD FOR THE UTILIZATION OF PRICING MODELS IN THE AGGREGATION, ANALYSIS, PRESENTATION AND MONETIZATION OF PRICING DATA FOR VEHICLES AND OTHER COMMODITIES

Patent №

US 10,679,263

Granted

2020-06-09

Filed 2019

Owner

TRUECAR, INC.

Lab

AI components

3

ml · kr · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

16272396

Embodiments of systems and methods for the aggregation, analysis, display and monetization of pricing data for commodities in general, and which may be particularly useful applied to vehicles are disclosed. In certain embodiments, one or more models may be applied over a set of historical transaction data associated with a vehicle configuration to determine pricing data. Some models may leverage incremental data in various conditions, including cases where fewer than a desired number of historical transactions are present in the bin of a specified vehicle, where fewer than, equal to, or more than a certain number of list prices for the specified vehicle available, and where no historical transaction data for new models is available.

AI classification

Knowledge representation0.99
Machine learning0.93
AI hardware0.90
Planning0.02
Natural language0.01
Vision0.00
Evolutionary computation0.00
Speech0.00

Ownership

TRUECAR, INC.

assignment · 482970156

Assignors

SWINSON, MICHAEL, O'DRISCOLL, LIN, PAINTER, SCOTT

On an employer assignment, the assignors are typically the inventors.

From the same owner

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