Posts Tagged: "Jay Walker"

Senate Republicans discuss patent reform in private briefing with infringer lobby

The Senate Republican High-Tech Task Force convened in order to hear from patent experts on the impact of the U.S. Supreme Court’s ruling in TC Heartland, the IPR process and patent eligibility, and to discuss what Congress can do in terms of additional patent reform in order to improve the U.S. patent system… The Hatch op-ed would seem to be music to the ears of beleaguered patent owners in the life science and computer implemented innovation areas. The problem, however, is with those the Senate Republican High-Tech Task Force heard from during this private meeting.

Something’s Got to Give

This month, Inventors Digest features interviews with two heavyweights in American enterprise: Priceline inventor and chair of Walker Digital, Jay Walker; and Mark Cuban, founder of Broadcast.com, owner of the Dallas Mavericks and a regular on the popular TV series Shark Tank. Both men are billionaires who believe the patent system is flawed, but for different reasons. Both want to “fix” the patent system—with diametrically opposing methods.

US close to innovation heart attack, warns Priceline founder Jay Walker

Jay Walker: “Any marketplace that cannot make a deal without filing a lawsuit in federal court is in deep trouble… The results of this mess are sad and unpredictable. There is less incentive to create long-term intellectual property. There is certainly more incentive to infringe if you can figure out what infringement is. There will be more secrecy and there will be less innovation or certainly a very different kind of innovation.”

Patents: The future of competitive success through innovation

Now more than ever succeeding is all about making better products and offering new and improved services quicker and more reliably than your competitors. Surprisingly, at a time when many major technology corporations are struggling to innovate, we see utter disdain for patent owners. Void from the discussion is any perspective on the real problems facing American companies – namely innovating to obtain a competitive advantage and set themselves apart from the competitors they have today and the competitors they will surely have tomorrow. Increased patent licensing, or outright acquisition of patents, will not only help, but will likely become essential for those companies who understand the importance of continually squeezing out innovation as fast and efficiently as possible.

Patent Properties launches patent licensing subscription service

At the heart of the Patent Utility is an advanced semantic search engine that identifies the technologies that are relevant to any individual business or entity. The analytical processes behind the semantic search engine will capture text-based information about a company both from publicly available sources and the company itself. This information will typically include product specifications, description of core technologies, identification of key competitors, and research and development priorities. The information is then processed and analyzed against the entire active U.S. patent database, which currently stands at 2.3 million patents and millions of pending applications. The process cross-references the company’s products, components, services, materials, methods and processes with specific patents and claims in the U.S. patent database. The more closely the patent claims relate to a company’s information, the more relevant the patent containing those claims is.