On September 21, 2021, Senators Patrick Leahy and Thomas Tillis introduced the Unleashing American Innovators Act of 2021. According to Leahy’s official press release, the proposed bill “requires the Patent Office’s satellite offices to conduct outreach to increase participation in the patent system by women, people of color, military veterans, individual inventors, and other groups that are underrepresented in the system.”
AI Autonomous driving technology is trending, and the trend is especially noticeable in Korea Patent Law. This according to Founders Legal’s foreign counsel, Kim, Hong & Associates.
According to the firm, while general AI patent filings in Korea increased by 5% in 2019, the number of AI autonomous driving-related patent applications increased at an annual average rate of 9% during the period of 2016 to 2020.
Artificial Intelligence (AI) technology scales globally, driving innovation and adding trillions of dollars to the world economy.
In recent years, developers and innovators have delivered powerful advancements in highly efficient and effective AI technologies. These technologies are now capable of transforming businesses and organizations, automating and optimizing tasks and processes across all sectors, organizing and analyzing vast amounts of data, and formulating and developing groundbreaking discoveries.
Many software and product companies, whether through licensing or commercialization of intellectual property products and services, are being built predominantly upon their intellectual property. Moreover, intellectual property plays a fundamental role in companies’ investment decisions. Intellectual property can be used as collateral to obtain financing, for valuation purposes in an equity offering, and can be the impetus for a merger or acquisition.