Is Protecting AI's Intellectual Property A Step Too Far?

Intellectual Property (IP) defines intangible inventions that are a result of creativity, and increasingly is linked to new technology innovations. In a digital age, it's important to manage IP effectively and capitalize on the commercial value. The opportunity to commercialize IP in the Artificial Intelligence (AI) space has never been higher: in January, the UN's World Intellectual Property Organization (WIPO) highlighted the rapid increase in AI patent applications worldwide. More than half of the 340,000 inventions patented had taken place since 2013. Without a patent or legally enforceable IP protection, it is very difficult to commercialize an invention or idea - it undermines investment, research and development and growth opportunities.