Monday, June 25, 2018

In tech, patents are trophies -- and these companies are dominating; CNN, June 19, 2018

CNN; In tech, patents are trophies -- and these companies are dominating

[Kip Currier: This CNN article has a link to an interesting 2 min. 6 sec. video, "Patents: A history of innovation", highlighting some examples of U.S. patents, from the 1st one--to a Philadelphia inventor for potash in 1790 and signed by Pres. George Washington--to the 10 millionth, issued to a Raytheon employee on June 20, 2018.]

"Google, Apple, Amazon (AMZN) and others are pushing forward with a range of new patents touching on artificial intelligence, cloud computing, drones and virtual reality, according to an analysis of patent activity late last year from CB Insights.

"I do think more recently, companies -- especially startups -- are realizing that just being a cool application is not enough," says Ethan Kurzweil, a partner at Bessemer Venture Partners. They want to be "inventing some core piece of technology, whether it be AI, machine learning, autonomous driving, or computer vision. ... Patents will matter a lot more in those contexts.""


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