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The market potential for artificial intelligence (AI) technologies shows no signs of stopping in 2024, or in the not-so-distant future. According to Grand View Research, the global AI market size is expected to reach $1,811.75 billion by the year 2030, expanding at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2024. See, “Artificial Intelligence Market to Reach $1,811.75 Billion by 2023,” Grand View Research (June 2023). Giving rise to this projected market expansion are increasing investments in AI technologies, the demand for acquiring and processing big data, and the fundamental need to prepare for AI technologies” energy consumption. See, Rashi Maheshwari et al., “Top AI Statistics and Trends in 2024,” Forbes (Jan. 2, 2024); see also, Zoe Kleinman et al., “Warning AI Industry Could Use as Much Energy as the Netherlands,” BBC (Oct. 10, 2023).
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Fourth Circuit Weighs In on Fair Use and Copyright Registration Validity
By Thomas Kjellberg and Robert W. Clarida
In Philpot v. Independent Journal Review, the Fourth Circuit found no fair use or copyright validity for a concert photographer's use of a photo of Ted Nugent as part of a collection.
USPTO Issues New Guidance On Rejecting Patent Claims for Obviousness
By Rob Maier
The United States Patent and Trademark Office recently published new guidance explaining the requirements for patent examiners to reject patent claims for obviousness in view of what was already known in the prior art.
“Holy Fair Use, Batman”: Copyright, Fair Use and the Dark Knight
By David G. Kim and Michael K. Friedland
The copyright for the original versions of Winnie the Pooh and Mickey Mouse have expired. Now, members of the public can create — and are busy creating — their own works based on these beloved characters. Suppose, though, we want to tell stories using Batman for which the copyright does not expire until 2035. We’ll review five hypothetical works inspired by the original Batman comic and analyze them under fair use.
Intellectual Property In Legal Tech: Lessons from Recent Cases
By Brian Mack, Kevin Keller and Olga V. Mack
As technology continues to permeate the legal industry, the significance of IP in safeguarding innovations, ensuring fair competition, and fostering a culture of creative legal solutions becomes paramount.
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