Greenberg Traurig’s study of the website practices of the Fortune 500 revealed that of the 28% of Fortune 500 companies that have an arbitration provision in their terms of use agreement, the companies were split as to which arbitration provider (if any) was named. The American Arbitration Association has the largest percentage at 56%, with
On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 in favor of banning noncompete clauses. The FTC first proposed the Noncompete Clause Rule on Jan. 19, 2023, under sections 5 and 6(g) of the FTC Act. GT previously covered the FTC’s request for comments.
Speaker of the Texas House of Representatives Dade Phelan recently announced the creation of the House Select Committee on Artificial Intelligence and Emerging Technologies. Rep. Giovanni Capriglione, who has led the House on technology issues and also serves as Co-Chair of the Artificial Intelligence Advisory Council, will serve as chair of this new select
Given ChatGPT’s now-infamous capacity to generate its own legal opinions, complete with official-looking, but entirely confabulated, citations and quotations, it is not surprising that courts remain skeptical of its use in judicial proceedings. And as the lawyers in J.G. v. New York City Dep’t of Educ. recently discovered, practitioners should not be surprised by courts’ outright rejection
Patents buttress and backstop growth for medical technology (medtech) companies, period. This is especially so for early-stage ventures staking their claim in the medtech ecosystem. A strategic patent portfolio is an essential building block to have in place for a medtech company’s growth and success, especially when it comes to generating revenue or fundraising. And,
Emerging technologies continue to reshape industries and societies, introducing unprecedented advancements that are changing the way we work and live. At the same time, some of those groundbreaking technologies, such as generative artificial intelligence (AI), are presenting new challenges to traditional intellectual property (IP) frameworks.
Click here to read the full article, published by World Intellectual Property
The medtech industry is positioned for continued growth as the aging world population faces many unmet medical needs. According to market analysts, industry revenue is predicted to grow to nearly $600 billion in 2024, with the cardiovascular, orthopedic, neurological, urological, and diabetes sectors driving that growth.
Several trends are shaping the medtech industry, presenting
Making Utah the first U.S. state to enact a major artificial intelligence (AI) statute governing private-sector AI usage, on March 13, 2024—coincidentally, the same day the European Parliament adopted the EU AI Act—Utah Gov. Cox signed into law S.B. 149 (AI Law). The AI Law, set to take effect May 1, 2024, was incorporated
On 13 March 2024, the European Parliament adopted the AI Act. Since the EU Commission presented its first draft almost three years ago, the use of AI and general purpose AI models has increased significantly. Hence, the regulatory proposal was (and still is) the subject of hefty debate.
While a down year compared to all-time highs experienced in 2021 and 2022, 2023 represented another strong year in the U.S. venture community based on deal flow and total investments, even if not shared equally among all venture-backed companies and all stages of companies.
