Artificial intelligence ("AI")
technology and its applications across various sectors of the
economy are growing exponentially. As AI advances, one of the
important, practical challenges that courts, governments and
regulators face is whether current intellectual property legal
frameworks are equipped to address a question that is already upon
us: Can an AI be granted a patent?
This issue has recently risen to the forefront as different
countries have reached different results in connection with a
global push by the "Artificial Inventor Project" to
secure a patent for an AI system.
The AI Global Market
In a recent analysis, Fortune Business Insights highlights that
the global artificial intelligence
("AI") market size reached nearly USD 36
billion in 2020, and forecast that it would grow ten-fold by
2028.