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European patent applications hit record high in 2023

Reuters · 1y ago

European patent applications hit record high in 2023

The European Patent Office (EPA) received a record number of patent applications in 2023, with the largest share coming from the United States, Germany, Japan, and China. China's Huawei topped the list for the third year in a row, followed by Samsung, LG, Qualcomm, Ericsson, and Siemens. The number of applications from small and medium-sized enterprises also reached an all-time high. These figures indicate both the attractiveness of the European technology market and the quality of products and services offered.

Related News

Delhi HC dismisses Google's appeal against messaging patent decision

Economic Times

Economic Times · 1y ago

Delhi HC dismisses Google's appeal against messaging patent decision

The Delhi High Court has dismissed Google's appeal against the rejection of its patent application for 'Managing Instant Messaging Sessions on Multiple Devices'. The court upheld the decision of the Assistant Controller of Patents and Designs, stating that the application lacked novelty and inventive step. The court also fined Google Rs 1 lakh for not disclosing information about the refusal of a patent by the European Patent Office. The court determined that the core concept of managing sessions across multiple devices and user-defined settings for messaging sessions were already present in prior art.

Agri Picks Report September 26, 2024: Geojit Financial Services

Money Control

Money Control · 10m ago

Agri Picks Report September 26, 2024: Geojit Financial Services

India is projected to produce a record 332.3 million tons of food grains in the 2023-24 season, up from 329.7 million tons last year. Rice and wheat production are estimated to reach record highs, while millets, maize, pulses, oilseeds, and cotton have been negatively affected by drought-like conditions in some regions. Despite drought, mustard and rapeseed output is expected to hit a record 13.3 million tons. Cotton output dropped to 32.5 million tons, while sugarcane output declined to 453.2 million tons due to patchy rainfall.

Tobacco exports marked a record Rs12,005 crores in FY2024

Livemint

Livemint · 7m ago

Tobacco exports marked a record Rs12,005 crores in FY2024

India's unmanufactured tobacco exports hit a record Rs12,005.89 crore in 2023-24, marking an 87% growth over five years. Driven by government policies and the Tobacco Board's strategies, export volumes rose from 218.84 million kg in 2019-20 to 315.51 million kg. India is the second-largest tobacco producer and exporter globally. The Board's initiatives improved farmers' earnings, while auctions in Andhra Pradesh saw record production and prices, significantly benefiting the national exchequer and farmers.

Tesla sues EV-battery-supplier Matthews over alleged disclosure of trade secrets

Livemint

Livemint · 1y ago

Tesla sues EV-battery-supplier Matthews over alleged disclosure of trade secrets

Tesla has filed a lawsuit against battery supplier Matthews International, accusing the company of disclosing confidential trade secrets to competitors and improperly filing patent applications that incorporate Tesla's trade secrets without authorization. The lawsuit seeks monetary damages exceeding $1 billion and an order to prevent Matthews from continuing its alleged unlawful actions. Tesla has been working to block the publication of affected patent applications since discovering Matthews' misconduct. Matthews was selected by Tesla as a supplier for equipment used in its dry-electrode battery manufacturing.

Europe is trying to regulate AI. That could backfire.

Business Insider

Business Insider · 1y ago

Europe is trying to regulate AI. That could backfire.

The European Parliament has approved the Artificial Intelligence Act, making the European Union a global leader in AI regulation. The act aims to protect citizens from the potential risks associated with AI. It classifies AI applications into three categories and assigns specific legal requirements and bans for high-risk applications. While some experts view this legislation as ambitious, it potentially makes Europe less competitive globally and could lead to companies avoiding regions with strict regulations. The act is expected to be implemented in May, and businesses will need to prepare to meet the new requirements.

Indian equity mutual fund inflows slump to 13-month low in May despite market gains

VCCircle

VCCircle · 1m ago

Indian equity mutual fund inflows slump to 13-month low in May despite market gains

In May, Indian equity mutual fund inflows plunged to a 13-month low at 190.13 billion rupees, despite market gains. The decline marks the fifth consecutive month of reduced inflows, driven by a softer market, high valuations, macroeconomic tensions, and global inflation concerns. Nevertheless, the Nifty 50 rose 1.7%, with foreign portfolio investors contributing $2.34 billion. Systematic Investment Plans (SIPs) hit a record high at 266.88 billion rupees, with increased accounts.

Major trading apps Zerodha, Groww face glitch after market hits all-time high

Internet

Internet · 1y ago

Major trading apps Zerodha, Groww face glitch after market hits all-time high

Major trading apps like Zerodha and Groww experienced glitches after the stock market hit record highs following exit polls indicating a likely third term for the BJP-led NDA. The Sensex surged over 2,000 points to 76,738.89, and the Nifty reached 23,338.70. The high trading volume also caused the CDSL website to go down.

Cryptoverse: Bitcoin's bear market hits newcomers hardest

Economic Times

Economic Times · 4m ago

Cryptoverse: Bitcoin's bear market hits newcomers hardest

Bitcoin's bear market has hit new investors hard, particularly those who entered during its rally past $100,000 or used leverage for investments. Following a significant sell-off influenced by global stock market dynamics, Bitcoin's value dropped from a record high of $109,071 in January to around $80,000. Analysts observe significant losses among new buyers and leveraged traders, with crypto-related investment products experiencing continuous outflows. Market volatility is high, suggesting challenging times ahead for Bitcoin investors.

Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000

Livemint

Livemint · 8m ago

Euro rebounds as French bonds stabilize; bitcoin jumps past $100,000

The euro rallied as French government bonds stabilized following the collapse of France's government. Bitcoin hit a record high of $103,649 on expectations of a crypto-friendly regulatory environment under President-elect Donald Trump. The dollar dropped after higher-than-expected US jobless claims. The focus is now on the US nonfarm payrolls report, which is anticipated to show 200,000 jobs added in November. The euro was on track for a weekly loss, its fourth in the last five weeks, and the European Central Bank is expected to cut interest rates. The Japanese yen rose on speculation about a potential interest rate hike by the Bank of Japan. The South Korean won dipped slightly after market stabilization funds were activated following political unrest. The dollar index fell after weak US jobless claims data.

Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion

Livemint

Livemint · 1y ago

Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion

Amazon founder Jeff Bezos plans to sell 25 million shares of the company, worth nearly $5 billion, after the stock reached a record high. This would decrease Bezos' stake to 8.8% of outstanding stock. Amazon share price hit an all-time high of $200.43 on Tuesday. Bezos sold approximately $8.5 billion worth of Amazon shares in February. As Bezos plans his sale, Amazon has announced it will discontinue its security robot, Astro for Business, and shift its focus to household robots.

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