Capitalogix

Here Are Some Links For Your Weekly Reading - May 7th, 2023

Here are some of the posts that caught my eye recently. Hope you find something interesting.

Lighter Links:

• NASA's Newest Office is All About Putting Humans on Mars. (Popular Science)
• Seeing Stars: How Michelin Rates Restaurants. (CBS News)
• A Curious Person's Guide to Artificial Intelligence. (Washington Post)
• How to Win at Cards and Life, According to Poker's Autistic Superstar. (Washington Post)
• With 10 Short Words, Warren Buffett Just Explained the Simple Success Strategy that Most People Never Notice. (Inc)

 

Trading Links:

• Warren Buffett's Berkshire Hathaway Dumps Billions Worth of U.S. Stocks, Buys Treasuries Instead. (SeekingAlpha)
• Why Stock Markets Are Usually in a Draw-Down: Stock Market Tops, Bottoms & Middles. (AWealthOfCommonSense)
• OpenAI is Losing a Flabbergasting Amount of Money on ChatGPT. (Futurism)
• Henry Kissinger on a Potential Artificial Intelligence Arms Race. (CBS News)
• Ashton Kutcher Raised a $243 Million Investment Fund in Just Five Weeks that Will Focus on 'The Next Absolute Transformation' in Tech. (Fortune)

The Power of Intellectual Property

Industry is changing fast.  In the 1900s, the world's titans mainly produced tangible goods (or the infrastructure for them).  The turn of the century brought an increasing return on intangible assets like data, software, and even brand value ... hence the rise of the influencer. 

As technology increasingly changes business, jobs, and the world, intellectual property becomes an increasingly important way to set yourself apart and make your business more valuable. 

While America is leading the charge in A.I., we're falling behind in creating and protecting intellectual property. 

Patents can help protect your business, but they also do much more.  I.P. creates inroads for partnerships with other businesses, and they can also be a moat that makes it more difficult for others to enter your space.  On a small scale, this is a standard business strategy.  What happens when the scale increases?

The number of patents we're seeing created is a testament to the pace of innovation in the world, but it should also be a warning to protect your innovations.  Remember, however, that anything you get a patent on becomes public knowledge - so be careful with your trade secrets. 

If you want to hear more of my thoughts on this, I recorded a podcast with Goldstein Patent Law on this subject.