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Sundar Pichai, the CEO of Alphabet, Inc., recently pronounced artificial intelligence (AI) as being "more profound than fire or electricity." While AI is rising as a key commercial player at the global scale with an expected market size of almost $400 billion by 2025, are patent laws around the world equipped to incentivize this revolution?
From Siri to self-driving cars to computer-assisted drug discovery, AI is progressing rapidly, and it has provided competitive intelligence for solving some of the world's greatest challenges. As AI systems advance, they have also started emerging as independent developers of better cars, drugs, personalized products and various research tools. Specifically, AI systems can evolve over time to autonomously contribute to the conception and development of an idea outside of their creator's expertise or original intent. For example, a drug designed and discovered solely by AI systems, without any human interaction, is about to enter clinical human trials for the treatment of obsessive-compulsive disorder. See, Rachel England, "AI-Formulated medicine to be tested on humans for the first time," Engadget (2020). Similarly, AI systems have independently developed new artificial computer languages that are more efficient in performing the assigned tasks (e.g., translation), eschewing human languages. See, Sam Wong, "Google Translate AI Invents its own language to translate with new scientist" (2016). The role of AI as a creator of new inventions again brings to attention the controversy surrounding ownership and inventorship rights relating to patents filed to protect such AI-generated inventions. It is particularly important to address these issues because key components of an AI system — datasets and ever-evolving AI algorithms — often do not qualify for patent protection, leaving only the output of the AI system as a potentially patent eligible invention.
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There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.