Posts Tagged: "jobs"

House Subcommittees Hold Hearing on Artificial Intelligence Challenges and Opportunities

On the morning of Tuesday, June 26th, both the House Subcommittee on Research and Technology and the House Subcommittee on Energy held a hearing titled Artificial Intelligence – With Great Power Comes Great Responsibility. The day’s discussion centered on issues surrounding the nascent technological field of artificial intelligence (AI), including both the potential negative and positive impacts that improved AI technologies could pose to the U.S. workforce and society in general… The specter of increased Chinese investment into AI tech development was also discussed during the day’s hearing. During his opening remarks, Congressman Randy Weber (R-TX), chair of the House Energy Subcommittee, spoke to the concerns over increased tech investment by China into AI programs and how that threatens U.S. dominance in the field.

American Entrepreneurship Languishes as Startups Face Unfavorable Ecosystem

There can be no dispute that the level of business startup activity has been on the decline in the United States over the past few decades. So alarming is the downward trend that publications like the New York Times, the Wall Street Journal and others have tackled the issue in depth. Inc. Magazine has even asked whether entrepreneurship in America is dead? Still, a disturbing counter-factual narrative seems to be taking hold inside the Beltway, and on Capitol Hill. Despite all research and data to the contrary, some are actually saying that startups are on the rise, and then using carefully selected and tortured data points to claim that patent reforms are the reason for the rise in startups, and more patent reforms are needed.

AUTM Licensing Survey: Ominous trend likely attributable to eroding patent rights

Concerns about the ability of academic institutions to keep contributing to the U.S. innovation economy go well beyond federal funding stagnation according to the recent AUTM survey. In an executive summary section entitled The Perils of Eroding Patent Rights, AUTM notes that a slight decrease in options and exclusive license agreements compared to the number of non-exclusive license agreements could be due to fears that licensing companies have over protecting the intellectual property under the current iteration of the U.S. patent system. In 2016, option agreements were down year-over-year by 7 percent while exclusive licenses dropped 2.1 percent. Non-exclusive license totals, however, rose by 2.1 percent to 4,201 such license agreements in 2016. A sharp increase in startups ceasing business activity, up 37.4 percent to a total of 331 such startups, is another “ominous trend” which AUTM notes is likely attributable to eroding patent rights.

Advice for the Trump Administration and New Congress: Protect Bayh-Dole and Restore the Patent System

Bayh-Dole is running on autopilot without Executive branch oversight and U.S. patents are no longer the world’s gold standard. Without a course correction, we could be headed back to the bad old days… Bayh-Dole has become a driver of the U.S. economy. Every day of the year universities form two new companies and two new products from their inventions are commercialized. University spin out companies tend to stay in state becoming significant contributors to the regional economy… Bayh-Dole is a recognized best practice. The Chinese have adopted it while strengthening their patent system to better compete with us.

Autonomous Vehicles to Include Self-Driving Shopping Carts?

According to the patent application filed by Walmart, the system will utilize a series of docking stations, sensors, motors and cameras to offer consumers the ability to “hail” a shopping cart using an app on their smartphones, much like they would a taxi or Uber and that upon completion of use, the system will somehow be able to recognize abandoned carts within the store or in the parking lot and will be able to manually return itself to a docking station for use by another consumer.