Lucas GC Limited Received a Significant Invention Patent in Artificial Intelligence Related to Human Resources
Rhea-AI Summary
Lucas GC (NASDAQ: LGCL) has received a new invention patent titled 'Talent Scout-Based Holistic Recruitment System' in China, marking its third patent in 2024 and bringing its total patent count to nineteen. The patent leverages social media influencers for talent recruitment by matching personalized content with job requirements and candidate profiles. The technology uses AI and Deep Learning to improve job matching accuracy and hiring efficiency. Lucas operates as an AI technology-driven PaaS company with over 702,060 agents, holding 19 U.S. and Chinese patents and 74 registered software copyrights in AI, data analytics, and blockchain technologies.
Positive
- Received third patent in 2024, bringing total patent count to 19
- Large platform with over 702,060 agents
- Extensive intellectual property portfolio with 74 registered software copyrights
Negative
- None.
Insights
The new patent for AI-driven talent recruitment represents an incremental technological advancement but has immediate financial impact. While it adds to Lucas GC's intellectual property portfolio, now at 19 patents, the practical implementation and revenue generation potential remain uncertain. The technology's focus on leveraging social media influencers for recruitment is novel, but success will depend on market adoption and integration into their existing platform serving 702,060 agents.
The patent's emphasis on personalized content generation and profile matching aligns with current HR tech trends, but faces significant competition in an already crowded HR solutions market. Without specific metrics on implementation costs, expected revenue, or client adoption targets, the immediate business impact appears modest despite the technology's potential.
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company whose technologies have been applied to the human resources, insurance and wealth management industry verticals, announced today that it had received an invention patent “Talent Scout-Based Holistic Recruitment System” in China.
This is the third patent that Lucas has obtained in the year of 2024, making the total numbers of patents that Lucas holds at nineteen.
This patent enables social media influencers to reach out to targeted talents by matching personalized recruitment contents generated based on the job requirements and the profiles and behaviors of the potential candidates.
Howard Lee, Chief Executive Officer of Lucas, said “Social media has been increasingly viewed as a professional platform to help business and job seekers get connected. This patent demonstrates Lucas’ leading position in core AI technology in the human resources application using AI and Deep Learning technologies to generate relevant contents that can significantly increase the accuracy of job matching between job requirements and candidates’ profiles, resulting in vast efficiency improvement in the hiring process.”
About Lucas GC Limited
With 19 granted U.S. and Chinese patents and over 74 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven Platform as a Service (PaaS) company with over 702,060 agents working on its platform. Lucas’ technologies have been applied to the human resources, insurance and wealth management industry verticals. For more information, please visit: https://www.lucasgc.com/.
For Investor Inquiries and Media Contact:
https://www.lucasgc.com/
ir@lucasgc.com
T: 818-741-0923
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