Analysts' opinions differ on what makes one company more innovative than another – some give more weight to a major leap forward with one transformative product, while others might point to firms with a long history of success in research and development. But a recent study from OnDeck says the numbers are clear based on U.S. Patent Office data, and ranked America's firms based on how many patents they were granted by the feds last year.
Cristiano Amon told FOX Business' Liz Claman last year that his company was better able to weather the pandemic-era chip production disruptions better than other major firms by innovating outside its typical wheelhouse. Google's parent company ranked third on the list with 2,579 patents in 2023, as the search engine giant leans heavily into AI. The tech behemoth rolled out its advanced AI model, Gemini, late last year.
Last month, the company announced its first-ever dividend, and CEO Sundar Pichai doubled down on the company's commitment to advancing AI throughout its businesses after shares soared to an all-time high. Apple came in fourth place for the most U.S. patents filed in 2023, following closely behind Alphabet with 2,568. The iPhone maker has become known for its consistent innovations and improvements to products.