Why Patenting AI Can Be 'Double-Edged Sword' for Contract Management Companies
Companies in the contract space can be hesitant to file AI patents because it may be a time-consuming process that provides limited benefit. But there are certain upsides to protecting innovation.
November 20, 2019 at 11:30 AM
4 minute read
The original version of this story was published on Legal Tech News
After finally being issued an artificial intelligence technology patent, the congratulatory feeling can quickly lead to apprehension that the secret sauce powering the company's technology is exposed to all. Concerns over tech details and AI's ongoing development can make filing patents too expensive and time-consuming for many contract management companies.
Seal Software co-founder and chief technology officer Kevin Gidney called it the "double-edged sword" tech companies face when they file a patent for AI technology.
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