Patents and Artificial Intelligence

Abstract

IPR is essential for protecting intellectual property, helping companies expand their businesses, and identifying their value and importance in the market. Patent is one of the most owned and utilised IP in the markets today as this not only helps generate revenue but also at the same time helps build a brand name and keeps the innovation wing of a particular company alive along with encouraging others in for technological advancements measuring innovations. However, like any other intellectual property, i.e. Copyright and trademark where it does not have to be mandatorily registered separately to own their IP, patent ownership, on the other hand, needs to be applied for following a dire application process comprised of prior art searches, provisional application, listing out the complete specifications of the invention, publication of such invention, examination and grant at last. With this, monitoring the AI-generated inventions and whether such inventions comply with the Patentability criteria becomes pertinent.