METHOD FOR A SECURE VEHICLE AUCTION TOOL

Patent №

US 10,825,083

Granted

2020-11-03

Filed 2018

Owner

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Lab

AI components

1

hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

15973753

A method for buying and selling vehicles includes receiving information identifying a vehicle, retrieving condition data corresponding to the vehicle from a condition database, wherein a device inside the vehicle generates at least some of the condition data while the vehicle is being operated, and analyzing the condition data to determine a condition of the vehicle, wherein the condition of the vehicle relates to at least one of a quality or a value of the vehicle. Further, the method includes communicating an indication of the vehicle condition to an end user device, and, in response to the indication of the vehicle condition, receiving an offer to purchase the vehicle. A notification is generated based on the offer to purchase the vehicle, wherein the notification indicates a status of a purchase of the vehicle according to the offer to purchase the vehicle, and the notification is communicated to the end user device.

AI classification

AI hardware0.50
Knowledge representation0.31
Planning0.07
Natural language0.06
Vision0.01
Evolutionary computation0.00
Machine learning0.00
Speech0.00

Ownership

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

assignment · 535050668

Assignors

BINION, TODD, MINTER, KELLY S., BROWN-MCCREERY, HEIDI, HARRIS, MICHAEL, MYERS, JEREMY, FIELDS, BRIAN, HARR, JOE

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

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