The World's First Artificial Intelligence Act
The European Parliament has recently passed the groundbreaking Artificial Intelligence Act on March 13, 2024.
This Act is designed to safeguard fundamental rights, democracy, the rule of law, and environmental sustainability in the face of high-risk AI technology. At the same time, it aims to foster innovation and position Europe as a global leader in the field of artificial intelligence. The regulations set forth specific obligations for AI systems based on their potential risks and impact levels.
Patent Applications from Chinese Inventors Surpass U.S.
In a significant shift, the latest data reveals that Chinese inventors have filed more international patent applications under PCT than their U.S. counterparts for the first time ever.
Patent filings are indicative of a nation's scientific and technological capabilities, with profound implications for economic and national security. According to a report from the National Science Foundation's National Center for Science and Engineering Statistics (NCSES), Chinese inventors submitted approximately 68,600 patents through the Patent Cooperation Treaty in 2022. This surpasses the roughly 58,200 applications from the U.S. during the same period.