In the News
IPWatchdog: America’s Big 5 tech companies increase patent filings, Microsoft holds lead in AI technologies
America’s “Big 5” tech companies have been chugging forward with patenting activities in recent years, according to mid-December reports of data released from venture capital resource firm CB Insights. This data suggests that since 2009, a total of 52,000 patent applications have been filed by a collection of five tech giants: Alphabet Inc. (NASDAQ:GOOGL) subsidiary Google; Apple Inc. (NASDAQ:AAPL); Facebook, Inc. (NASDAQ:FB); Amazon.com (NASDAQ:AMZN); and Microsoft Corp. (NASDAQ:MSFT).
IPWatchdog: AXIM Biotech earns patent for chewing gum containing cannabinoids to treat neurodegenerative diseases
As the most recent election cycle in the United States, laws and voter measures legalizing the prescription and sale of medical marijuana had been passed in 28 states and the District of Columbia. November’s election saw medical marijuana measures pass in eight of the nine states where such legalization votes were taking place. This April, Forbes reported on a marijuana industry study which forecast the market for legal sales of marijuana in the United States would grow by 26 percent up to $7.1 billion during 2016.
In late October, tech media publications were reporting that Japanese home gaming entertainment company Nintendo Co. (TYO:7974) announced that its newest gaming console, the Nintendo Switch, would be released in March 2017. The news also included updated information about the console, which provides both mobile gaming and home television platforms and more flexible controller options.
Recently, we took a closer look at four of the largest trending stories playing out in the world of intellectual property and patents during 2016 (see here and here). Now we turn to the world of technology to see what trends have been developing in the technology sector over the past year.
For the first time, the License On Transfer (LOT) Network has released data relating to patents that have been assigned to third parties by its members. The figures give a glimpse of how the LOT Network project has progressed since its launch in June 2014 – and an indication of whether it is coming any closer to fulfilling its primary objective of disarming ‘patent trolls’.