If your firm or organization has yet to explore AI for intellectual property processes, now is the time to begin exploring its capabilities and how AI can help your IP teams streamline operations and save time on manual tasks.
The conversation around artificial intelligence (AI) in the intellectual property (IP) space is constantly evolving, and it is crucial to actively evaluate its potential. We often think of AI as a new technology because of its increased daily use and widespread media attention; however, while AI was once considered a novelty reserved for experts, it has now become a valuable tool for individuals and businesses alike, with increasing daily use and media attention.
Law firms are recognizing the potential of generative AI, an AI system capable of generating, text, images or other media in response to prompts. A recent survey reported that 82% of law firm lawyers believe generative AI can be readily applied to legal work, and 51% said generative AI should be applied to legal work.
To meet client needs and leverage AI’s usefulness in IP law, it is essential for patent attorneys and other law professionals to stay updated on AI developments. Here are three AI trends impacting the IP space that IP lawyers should monitor.
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