The division of Yandex, the loss of Intel in Germany and the leadership of IBM with Google in AI patents
Yandex was bought from the Dutch for yuan and shares, Nokia confused all Chinese corporations with cross-licensing agreements, and the Japanese in New York are accused of stealing ultraviolet lithography technologies. Everything you need to know about the most important events in the field of intellectual property is in our news digest.
The terms of the restructuring of Yandex became known: the main facts
In February, the second season of the reality show “The division of Yandex into ours and not ours” finally began. An agreement has been reached that the Dutch company Yandex NV will sell Yandex’s Russian assets to a group of investors. And by July 31, it will change its name and no longer use the Russian brand.
The main aspects of the new world order have been gathered:
Amount of the deal 475 billion rubles;
Yandex NV will receive the monetary part of this amount (230 billion). yuan;
Non-monetary part – shares, monetary – approx 68%;
The new main structure will be MKAO (international joint-stock company) “Yandex”;
The main owner of MKAO will be a closed mutual investment fund.Consortium.» led by the current top managers of the Russian IT giant. General Director – Artem Savinovskyi;
Key decisions will be madeFund of managers“, its composition has not yet been revealed. There will be 50 people who are not under sanctions;
Former head of the Accounting Chamber Alexei Kudrin will remain a corporate development advisor;
Also, among the owners of MKAO will be four structures without a controlling stake: the combined ZPIF “Lukoil“Argonaut” (he has 10%); Infinity Management Oleksandr Chachava; IT.Elaboration of the head of the depository “Infinitum” Pavlo Pras; “Meridan-Service” of the former top manager “Gazprom» Oleksandr Ryazanov;
The deal still needs to be approved by Yandex NV shareholders (in the first half of 2024) and regulators (7 weeks after shareholders);
Yandex NV will delist from Moscow Stock ExchangeMKAO will appear there (in about six months);
Of all Yandex businesses and services, Yandex.NV remains Nebius, Toloka, Avride, TripleTen and a data center in Finland;
Patents, certificates for programs, databases and the lion’s share of trademarks remain in Russia;
The issue of how Yandex NV shares will be exchanged for Yandex shares has not yet been resolved. Experts expect the buyout of shares from minorities and exchange “with some coefficient”;
Stock market specialists advise owners of Yandex shares should not fuss, not succumb to panic movements in the market and accumulate papers for the long term. It is better not to make decisions about buying and selling until the deal is approved by everyone, brought to an end, and all its parameters and conditions become clear.
IBM is the first in terms of AI patents, the Chinese are only eighth (in the USA)
According to research IFI Claims International Business Machines holds first place in the number of patent applications in the field of artificial intelligence in the United States.
In 2020, IBM lost its nearly thirty-year lead in patent portfolio volume and announced that it would now have a narrower focus in its patent strategy. It will focus on five key areas, including AI. Currently, they have 1,591 applications. In second place is Google with a little over a thousand applications. OpenAI did not even make it into the top 25 (for two reasons, the authors of the study suggest: the applications were submitted recently, and the patents have not yet had time to be approved, plus the company does not want to reveal secrets). We have already written about its intellectual property separate material on Habra.
The number of issued US patents is growing more slowly than the number of applications (now the latter are 2.4 times more than the former). 22% of AI applications relate to generative artificial intelligence technologies. Computing devices based on biological models, pattern recognition, image and video recognition and analysis, information extraction, and natural language processing are also popular.
IBM, Google, Baidu and Samsung in generative AI technologies cover all four main areas: image, speech, text and video.
Intel in Germany received a ban on the sale of chips
A court in Dusseldorf ruled in favor of the California company R2 Semiconductor in a lawsuit against Intel related to patents in the field of voltage regulation. The tech giant received a court injunction against the sale of some chips, and the court ordered the American corporation to refrain from applying for the disputed patent.
An Intel representative told the press that R2 Semiconductor had lost a similar trial in the US, so it decided to move the proceedings to Europe. The corporation, the spokesman clarified, will file an appeal.
vivo became Nokia’s next Chinese patent partner
Nokia continues the marathon of organizing its patent portfolio and settling disputes with longtime rivals. This time, the agreement on cross-licensing patents for key 5G communication technologies achieved with the Chinese smartphone manufacturer vivo (the fifth by share of the global smartphone market).
The term of the agreement was not disclosed, nor was the amount of unpaid vivo royalties that Nokia is now due to receive along with payments for the litigation period.
Over the past 13 months, Nokia has reached an agreement with six of the largest smartphone vendors. The president of the company says that it has almost completed the cycle of renewal of licenses for smartphone technologies and thereby ensured the long-term stability of the business. Judging by the press release, the Finnish corporation is also engaged in organizing patents and license agreements in the field of automobiles, consumer electronics, the Internet of Things, and multimedia.
New York University v. Japan’s JSR: Billion-dollar lawsuit over photolithography patents for microcircuits
American University blames the Japanese corporation JSR that some products of its American unit Inpria use materials for microchips based on the inventions of a professor at New York University. Filed in early February, the lawsuit includes a demand for compensation in the amount of $4.3 billion for infringement of intellectual property rights.
JSR is a leading supplier of photoresists, specialty chemicals used to print circuits on microchip wafers. The patent dispute arose over a technology developed by an Oregon startup: JSR bought it in 2021 for $514 million. It now produces metal-containing photoresistors that experts believe could revolutionize the development of highly sophisticated and cost-effective machines for deep ultraviolet photolithography.
Useful from Online Patent:
→ What is the Register of domestic software?
→ Free online search of Rospatent and Madrid System databases (available after registration).
→ Can a foreign company enter its program into the Register of domestic software?
→ How IT companies can maintain zero VAT and enter the Register of domestic software
→ How to patent a technology?