If AI owns an asset, who owns the value?

BVWire–UKIssue #42-2
September 20, 2022

The High Court is now reviewing a case that examines whether artificial intelligence can establish ownership rights to a patent. Last September, The Court of Appeal of England and Wales supported the UK’s Intellectual Property Office when it dismissed Stephen Thaler’s plea to have his AI system recognized as the inventor of two patents last September. Thaler applied for patents naming his AI system “DABUS” as an inventor in the UK, US, Israel, South Africa, and Australia.

Thaler then took his case to the Court of Appeal, which upheld that decision in a 2-1 judgment.

The case does not include a discussion of financial benefits or intellectual property ownership rights for artificial intelligence, so the business valuation profession can rest easily—at least for the moment.

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