Breaking news

China Ranks First In The World In AI Patents

More patents related to generative artificial intelligence have been filed by China every year since 2017 than by the rest of the world, the World Intellectual Property Organization (WIPO) reported to the United Nations in Geneva, DPA reported. Examples include artificial intelligence applications such as ChatGPT or Gemini .

KEY FACTS

  • According to WIPO, Chinese companies and institutes registered over 38,000 patents in the field of generative AI in the 10 years to 2023.
  • Far behind is the US with 6,300, followed by South Korea, Japan and India. Britain is in fifth place with 714, closely followed by Germany with 708, which WIPO says has registered more patents than the UK in recent years.
  • The increase in patent applications worldwide also shows that the sector is booming. According to WIPO, there were a total of 54,000 patent applications in the field of generative AI between 2014 and 2023, but over a quarter of those were filed in the past year alone.

KEY QUOTE

“Generative AI has emerged as a game-changing technology with the potential to transform the way we work, live and play,” said WIPO Director General Darren Tang.

Meta Faces $375 Million Verdict In U.S. Safety Case

Meta faced adverse rulings in two U.S. court cases related to platform safety and user harm. Verdicts addressed issues including child protection and mental health impacts. Decisions come as the company continues to invest in artificial intelligence and restructure operations. Legal outcomes add pressure on Meta’s governance and product policies.

Legal Challenges In Santa Fe And Los Angeles

A jury in Santa Fe, New Mexico, found that Meta misled users about safety measures on its platforms. The case focused on risks related to child protection. One day later, a Los Angeles jury found Meta and Google’s YouTube liable in a personal injury case. Verdict linked platform use to mental health harm for a plaintiff identified as Kaley. Legal experts said the rulings reflect increased scrutiny of large technology platforms. Timothy Edgar said the cases show growing public concern over platform safety.

Financial Implications And Investor Sentiment

Awards included $375 million in New Mexico and $6 million in Los Angeles. Amounts are limited relative to Meta’s scale. Meta has a market capitalization of about $1.5 trillion and annual net income above $60 billion. Investors are also monitoring spending on AI, with planned capital expenditures of up to $135 billion. Peer performance varies across the sector. Microsoft reported smaller declines, while Alphabet shares increased by 76%.

Operational Restructuring And Future Legal Precedents

Meta is implementing layoffs across several units, including Reality Labs. Division focuses on virtual reality, augmented reality and wearable devices. Legal analysts said recent rulings may influence future litigation on platform safety and user harm. Cases could also affect the interpretation of Section 230 of the Communications Decency Act.

Policy Implications And Industry-Wide Impact

Public officials signalled potential regulatory responses following the rulings. Raúl Torrez and Dick Durbin raised the possibility of revisiting Section 230. Durbin said current platform practices require legislative review. Experts noted that legal changes could affect platform liability and free speech frameworks. Appeals are expected as Meta and other companies respond to the rulings. Outcomes may shape regulatory and legal approaches to digital platforms.

Uol
Aretilaw firm
The Future Forbes Realty Global Properties
eCredo

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter