The Artificial Intelligence Report published by Ocean Tomo, a part of J.S. Held, unveils a dramatic increase in patent filings revealing technological innovations transforming the AI landscape and delves deep into the spectrum of strategic intellectual property management, licensing, and litigation issues impacting companies as well as other factors influencing AI value in the marketplace.
CHICAGO, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Ocean Tomo, a part of J.S. Held, releases its report on Artificial Intelligence (AI). This illuminating study reveals a dramatic increase in patent filings and reviews technological advancements in AI strategic Intellectual Property (IP) considerations impacting company innovation and deal-making. Crucially, the report underscores the myriad of factors impacting market participants' realization of value from AI investments. The full report is accessible for download at https://oceantomo.com/download-artificial-intelligence-report/.
Artificial intelligence (AI) has experienced explosive growth, fundamentally changing numerous sectors and transforming our daily lives and work routines. One standout progression within this is the proliferation of advanced machine learning algorithms capable of interpreting vast datasets and evolving autonomously. Will Engstrom, AI Analyst for Ocean Tomo, a part of J.S. Held, notes, "These algorithms, particularly in the areas of image recognition and language processing, have added to fields such as medical diagnostics, e-commerce, finance, and even urban planning." Engstrom continues, "The accelerated rate of AI integration into these sectors is astonishing, even more so when considering the challenges posed by existing legal frameworks that struggle to keep pace with the swift evolution of AI technology." The criticality of ensuring AI innovations are protected while promoting a competitive market space is becoming a paramount discussion among global tech leaders, especially with the mounting challenges in patenting AI-based inventions."
Chris Wichser, Senior Managing Director, who oversees Technical Expert Specialty Services for Ocean Tomo, a part of J.S. Held, adds, "Technological advancements in the AI sector are deeply intertwined with a range of fields, including healthcare, finance, and transportation. Wichser continues, "As AI technologies become increasingly ubiquitous, there's a surge in the complexity of managing and safeguarding the associated IP. As competition tightens, AI firms and developers are under escalating pressure to protect their innovations."
Simon Placks, Senior Managing Director and EMEA lead for the Digital Investigations & Discovery team within J.S. Held's Global Investigations Practice, contributes, " the value of AI to enterprises is underpinned by the regulatory environment, access to talent and computing power, and alignment to their purpose, values and ESG ambition."
Daniel Principe, Manager in the Valuation and IP Strategy group, who oversees the Industry Reports, shares, "With expertise across more than 150 industry segments and client engagements on behalf of 53% of the 100 largest publicly traded tech companies, we continue to demonstrate our unrivaled advisory expertise across all assets and value at risk through our combined technical, scientific, financial and strategic expertise".
To learn more, download the Artificial Intelligence Industry Report: https://oceantomo.com/download-artificial-intelligence-report/.
About Ocean Tomo, a part of J.S. Held
Ocean Tomo, a part of J.S. Held, provides Expert Opinion, Management Consulting, Advisory, and Specialty Services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage. Subsidiaries of Ocean Tomo include Ocean Tomo Investments Group, LLC, a registered broker-dealer.
As a part of J.S. Held, Ocean Tomo works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.
J.S. Held is a global consulting firm providing technical, scientific, financial, and strategic expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
Kristi L Stathis, Ocean Tomo, a part of J.S. Held, +1 773 294 4360, [email protected], OceanTomo.com
SOURCE Ocean Tomo, a part of J.S. Held