Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Protecting Technology-Assisted Works and Inventions: Where Does Smart Technology End and AI Begin?
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).
It goes without saying that AI is going to greatly impact our businesses and our lives in a way only certain technological revolutions do. In a recent interview with an investment advisor, it was said that, on a scale of 0-100, with the harnessing of electricity being 100, AI is going to be a 95 in terms of industrial and cultural impact. With AI likely to become nearly as ubiquitous as a home utility, everyone, whether a layperson or service provider, will be required to use it to stay productive. See, Nathan Hager, "Bloomberg Daybreak Holiday Special – New Years Day 2024," Bloomberg Daybreak (Jan. 1, 2024).
With the widespread adoption of AI technologies will come the need for companies and innovators to protect AI technologies under then-current intellectual property frameworks. Just like any new technology, however, efforts to protect and enforce intellectual property on AI-based technologies are likely to be hampered by a lack of both a unified governing framework and a common understanding of the technology.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
How Secure Is the AI System Your Law Firm Is Using?
In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
COVID-19 and Lease Negotiations: Early Termination Provisions
During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.
Pleading Importation: ITC Decisions Highlight Need for Adequate Evidentiary Support
The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.
The Power of Your Inner Circle: Turning Friends and Social Contacts Into Business Allies
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.
Authentic Communications Today Increase Success for Value-Driven Clients
As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.