Artificial Intelligence (AI)
Artificial Intelligence is becoming a common feature in almost every industry. Machine learning is more than just a buzzword. It has real applications in the analysis of large data sets and the automation of repetitive cognitive tasks throughout the global economy. All computers used to be blind and deaf until recently. AI has enabled computers to perceive and it is enabling them to make better decisions. AI innovation extends beyond information technology and software applications. AI tools and innovations have become critical in finance, transport, telecommunications, and healthcare.
As computing power and storage have become affordable, data has been increasingly available to analyze by machines exponentially. Computer and data scientists have also developed deep learning and machine-learning algorithms. This has led to a dramatic increase in innovation in AI over the last decade. The investment in AI is staggering. McKinsey Global Institute estimates that investments have tripled over the past few years to reach $40 billion in 2016.
All that innovation and investment has led to significant growth of patent applications and associated intellectual property protection. There have been more than 25,000 patents that are related to AI and its enabling technologies since 2000. The pace of patenting has been also increasing: there were almost 6,000 AI-related patent applications in the U.S. in 2016 (the most recent available year). The number of patents granted is also increasing dramatically (from 700 in 2012 to almost 3,000 in 2016).
The AI space presents unique challenges for patent applicants. The first and most important challenge is subject-matter eligibility. This is because it has become increasingly difficult to obtain software patents. There are also potential issues related to non-obviousness, and what “person with the ordinary skill of the art” means in the context of AI innovations. We will eventually find ourselves in situations where AI is considered to be contributing to the invention process.
Powerpatent knows what it takes for AI and AI-related innovation to be protected. Our team is focused on solving the challenges related to Section 101 subject matter eligibility and optimizing intellectual property used to increase shareholder value. We take an integrated approach to IP, working together to overcome new challenges and offering strategic advice and counsel. Finally, PatentPC can help with intellectual property disputes (patents and trademarks, trade secrets, etc.). PatentPC has a highly skilled and integrated team that can help with disputes relating to intellectual property (patents, trademarks, trade secrets, etc.).