MoFo Tech

December 12, 2022 - Artificial Intelligence + Robotics
AI Trends for 2023 - Bioinformatics
By: Anna Yuan and Grace Gong
From improving genomic sequencing to discovering new drug formulations, AI plays a key role in advancing biomedical research. In particular, the field of bioinformatics, which involves the collection and interpretation of biological data using software tools, is undergoing a period of rapid transformation and
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December 09, 2022 - Artificial Intelligence + Robotics
AI Trends for 2023 - Increasing Product Liability for AI and Software in the EU
By: Kristina Ehle and Stephan Kreß
The EU is ramping up strict and tort product liability for faulty AI and software. The current revision of the Product Liability Directive 85/374/EEC includes AI, software, and even digital services in the IoT space in the scope of “products” that fall under strict
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December 08, 2022 - Mergers + Acquisitions, Artificial Intelligence + Robotics
AI Trends for 2023 - AI Industry Faces Continued Headwinds In 2023
By: Jim Krenn and Andrew P Dixon
While the AI industry has continued to attract venture capital and produce exits in 2022, headwinds in the venture capital and broader capital markets have, as compared to 2021, resulted in a decrease in the number of venture capital financings and exits, as well
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August 09, 2022 - Artificial Intelligence + Robotics
Federal Circuit Agrees with the USPTO on Inventors: Only Human, After All
By: Tessa J. Schwartz and Heather M. Whitney
The Federal Circuit made headlines when it affirmed the U.S. District Court for the Eastern District of Virginia’s holding that an artificial intelligence (AI) cannot qualify as an “inventor” under the Patent Act – only (human) “individuals” can. The patent application at the heart of
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December 15, 2021 - Artificial Intelligence + Robotics
AI Trends For 2022 - Export Control/CFIUS
By: Charles L. Capito and Rachel Park
AI and machine learning technologies remain a focus of the U.S. government’s national security apparatus. AI is a key sector in the Unites States’ race against China to remain at the forefront in the development and deployment of emerging technologies, and a concern for
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December 14, 2021 - Artificial Intelligence + Robotics
AI Trends For 2022 - Augmented Reality and Digital Twin Technology
Over the past few years, companies have piloted efforts to use augmented reality and digital twin technology to reduce development time and operating costs, speed up time to market, and enhance product or service development. A digital twin is a virtual replication of a
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December 13, 2021 - Artificial Intelligence + Robotics
AI Trends For 2022 - AI For Natural Language
By: Tessa J. Schwartz
2022 will see a continued trend of using AI to develop natural language capabilities for machines to better understand, communicate, and even code or “author” works. 2021 saw a rise in automatic and semi-automatic analyses of large quantities of data, including sorting, parsing, and
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December 10, 2021 - Artificial Intelligence + Robotics, Mergers + Acquisitions
AI Trends For 2022 - AI Industry Poised for Successful 2022
By: Jim Krenn
The AI industry continues to mature as venture investment increased significantly in 2021 and exit values for venture-backed AI companies significantly outpaced venture investment in AI companies in 2021. According to PitchBook, AI companies have produced over $166 billion in value through IPOs and
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December 09, 2021 - Artificial Intelligence + Robotics
AI Trends For 2022 - The IRS will use increased budget resources to achieve a main objective
By: Shane M. Shelley and Edward L. Froelich
The IRS plans to audit the wealthiest corporate, partnership, and individual taxpayers to achieve some of its main objectives in 2022. In his recent testimony before Congress , IRS Commissioner Charles P. Rettig identified the allocation of additional resources to enhance the IRS’s data
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December 08, 2021 - Regulatory, Artificial Intelligence + Robotics
AI Trends For 2022 - FDA Regulatory
FDA is actively monitoring the use of AI and machine learning (ML) software in medical devices and clinical developments, and has taken a number of first steps in building out a regulatory framework. In 2021, FDA published the AI and Machine Learning Software as
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