3 min read
Business

AI Barrier: US Patent Office Sets Precedent, Denying Patent Rights to Artificial Intelligence Innovations

In a groundbreaking ruling, the United States Patent and Trademark Office (USPTO) has categorically stated that artificial intelligence (AI) entities are not eligible to hold patents. The decision, which carries significant implications for the rapidly advancing field of AI, highlights the complex legal and ethical questions surrounding machine-generated innovation.

3 min read
Business

NanoString Explores Sale Options in the Face of Bankruptcy and Patent Conflict with 10x Genomics

NanoString Technologies, a leading provider of life science tools and molecular diagnostic products, has officially filed for bankruptcy, as the company faces increasing pressure from its ongoing patent battle with its competitor, 10x Genomics. In an effort to sustain its operations and protect its assets, NanoString is also exploring the possibility of a potential sale.

3 min read
Business

Market Downturn for Pfizer Shares amid Looming Patent Expirations

Investors and analysts were taken aback today as Pfizer’s shares recorded a sharp decline following the announcement of several impending patent expirations. The pharmaceutical giant, whose stock has enjoyed a robust performance in recent years, faces significant challenges ahead as the exclusivity of some of its most profitable drugs comes to an end.

3 min read
Business

AI cannot be patent ‘inventor’, UK Supreme Court rules in landmark case

The UK Supreme Court has recently ruled that Artificial Intelligence (AI) systems cannot be recognized as inventors under current patent law. In a groundbreaking decision, the court dismissed an appeal by an inventor seeking to name an AI system as the creator of a new technology. This ruling has significant implications for the future of intellectual property rights and the legal definition of inventorship.

3 min read
Business

Apple to stop selling its latest smartwatches after losing patent case to rival that says ‘even the world’s most powerful company must abide by the law’

Apple, the renowned technology giant, has been dealt a significant blow after losing a crucial patent case to one of its competitors. In a surprising verdict, a court has ruled in favor of the rival company, forcing Apple to cease selling its latest smartwatches. This ruling serves as a strong reminder that even the world’s most powerful company must adhere to the law.

2 min read
Business

Apple to halt US sales of Series 9, Ultra 2 smartwatches over patent dispute

Apple Inc. has announced its decision to temporarily halt the sales of its popular Series 9 and Ultra 2 smartwatches in the United States. This move comes as a result of an ongoing patent dispute between Apple and a rival technology company.