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ARTICLE · 15 FEBRUARY 2024

Corporate Governance Spotlight: Considerations For Protecting Valuable AI-Related Assets

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In 2023, the world-wide value of intangible assets (e.g., contractual rights and intellectual property (IP), such as patents, copyrights, and proprietary technology) reached USD57.

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In 2023, the world-wide value of intangible assets (e.g., contractual rights and intellectual property (IP), such as patents, copyrights, and proprietary technology) reached USD57.3 trillion, surpassing pre-pandemic levels and representing an 8% increase from 2022.1 2 The United States was responsible for USD836 billion of this year-over-year increase.3 Major industry sectors—from pharmaceuticals to telecommunications—have intangible asset valuations that exceed the trillion dollar threshold.4

IP-heavy industries are increasingly turning to artificial intelligence (AI) to assist in the research and development of new products and services. For example, many innovative pharmaceutical companies are seeking to gain a competitive advantage by integrating AI into the laboratory development loop.5 As AI technology advances, it will increasingly drive corporate valuations of intangibles—potentially impacting trillions of dollars in corporate value. With such meaningful

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