More than a few Texas residents might be familiar with medications such as Humalog (an insulin drug) and Cialis (an erectile dysfunction drug). These are the top two drugs made by the pharmaceutical company Eli Lilly & Co. Its third largest seller, Alimta (a lung cancer drug), recently jumped one of three patent law hurdles.
On Tuesday, Facebook founder Mark Zuckerberg had to trade in his trademark t-shirt and jeans for a suit and tie. Zuckerberg was in Dallas, Texas to testify about the technology used by his Oculus unit, a startup company Facebook bought in 2014 for $2 billion. Oculus is now owned by Facebook and develops virtual reality systems.
New ideas are the foundation for many Texas businesses. As a company develops a new idea or a new product, the company will often apply for a patent as a protective measure. The patent offers protection to the company in that any other company that attempts to utilize the same idea or product will need to go through the company that developed it. When this does not happen, there could be a patent law infringement issue.
In 2011, IBM sent a computer system called Watson to compete on Jeopardy against two former champions. Watson used four terabytes of disk storage information stored on his hard drive to beat both of his human contestants on the popular game show. This was certainly not the world's first introduction to artificial intelligence, but it may have been the first time many saw artificial intelligence used outside of a sci-fi movie.