AI Technology: to patent or to implement? Business view
Developments in the field of artificial intelligence have almost won the role of a key area of scientific and technological progress of the 21st century.
The level of public and private investment in AI is rising annually. Top managers of companies in various industries highly appreciate the potential and importance of AI technologies implementation in developing their own business and ensuring their competitiveness in both domestic and global markets.
According to the WIPO, over the past five years there has been an impressive increase in the number of patent applications and a decrease in the number of academic articles on inventions, which indicates a transition from theoretical research to practical use of artificial intelligence technologies in the field of commercial products and services.
However, in such circumstances, a number of companies opt for the proper protection of AI technologies by obtaining an appropriate development patent.
Others suggest that patenting AI developments doesn’t make sense, and resort to rapid introduction of innovations in production, bypassing the receipt of a patent.
Whose strategy is right?