IP

shing3232

quote“Acquiring high-speed rail technology had been a major goal of Chinese state planners. Chinese train-makers, after receiving transferred foreign technology, have been able to achieve a degree of self-sufficiency in making the next generation of high-speed trains by producing key parts and improving upon foreign designs.” It always has been technology transfer for market access, and if they cannot buy it they would steal. They usually would buy it just because that looks better from the optics and they can sell it without have to deal with IP issues.

RescueRacing

I like industrial companies like Parker Hannifin and Eaton. They’re huge corporations with divisional diversification. Filtration and Hydraulic groups provide hugely profitable capital equipment and especially aftermarket products and services while Aerospace provides a high tech IP and products. PH has paid dividends for decades and the stock price has gone from a $29 low to \~$1,000/share in the past 14-15 years. It’s not sexy, but these people know how to make money.

Emotional-Breath-838

Alpha Tau Medical (DRTS) is a $1.3B market cap company with multiple shots on goal to be a $10B - $50B company. They have an alpha radiation platform that delivers high LET radiation directly into solid tumors (which make up 90% of all cancers.) The radiation is powerful but doesn’t spread which means that you get all the benefit of Cancer DNA strand demolition without risking surrounding tissue or compromising the immune system of the patient. They have validated the platform with a PDMA certification in Japan and they are currently running five FDA approved trials across pancreatic, recurring GBM, skin, head & neck and prostate cancer. They’ve filed for a sixth trial to demonstrate their ability to hit a 100% DCR in combination with Keytruda. The stock is at only $1.3B for two reasons: the institutional investors haven’t entered yet in real numbers. They recently got above $1B and there’s not a lot of daily volume. The second reason is because the C suite, which holds a lot of equity, is brilliant. They are negotiating reimbursement in Japan right now and have enough to get FDA cert on skin but would prefer to kick off FDA with cert for recurring GBM. The FDA gave them ten rGBM cases to prove safety/feasibility and they crushed it: two CR (complete responses) in patients that have zero remaining options. They signed a massive commercial agreement with Tolmar, a private company that dominates prostate cancer. DRTS will let Tolmar maker and sell for prostate (with an option on bladder) and DRTS keeps 60% of the net. They may replicate this model across other tumor types or in other geos and they’ll effectively become an IP and manufacturing shop. Of the 10 rGBM patients, we know at least five have completed in the US and we are waiting for the MRI results. If they hit a CR on even one more of the patients, there is a high likelihood that DRTS moves into global first line treatment for rGBM because the only current standard of care is a pleasant social worker who explains that you need to make peace and say goodbye. Like Moderna, Alpha Tau has early tested successfully with Merck’s $32B per year Keytruda. Keytruda, like all checkpoint inhibitors, comes with a massive weakness: checkpoint inhibitors only work on hot tumors, bolstering T cells in the area of the tumor. Alpha DaRTs turns cold tumors hot by blasting the bastards until their DNA strands are destroyed and their antigens leak out, signalling the T cells to come fight. That’s a massive game changer for the $50B per year checkpoint inhibitor market which has been searching for a way to overcome cold tumors. Over the thousands of tumors they’ve treated, they’ve seen almost zero side effects and insurance companies love it because it’s a 45 minute long outpatient procedure. The stock was just dual listed on the TASE which will expand volume, allow for some institutional buying and will put DRTS on at least two indexes where they will benefit from required buying. Note: the platform is a medical device, not a drug. There is no Phase III trial. There is no placebo or BAT arm. There is no waiting for people to die. Alpha Tau is currently running tests in the US, Canada, Italy, Israel, Japan and other locations across Europe. The PMDA cert from Japan is so rigorous and well respected that it’s believed many Asia/Pac nations will accept it as a proxy.

PastaPandaSimon

Depending on how far the trade war goes, I worry Canada goes after IP, as they lose a ton of money on respecting a wild imbalance losing money respecting tech and pharma IP to the detriment of everyday Canadians as part of the existing deals that the US is not respecting where it suits the US.

AdditionalSpeaker303

China is quite rapidly moving up the value added chain, how long will it take for their government to understand that the precedent that the country has set in regards to IP will come to bite them in the ass as they become the technology leads in some industries... By the time this becomes a problem for them the world will be too multi polar for anyone to be able to do anything about IP theft.

Alive-Run-7840

Yeah, if the allegations are true, that’s obviously bad. But jumping from “one company stole IP” to “China doesn’t innovate” is doing a bit too much cardio. EVs, batteries, solar, drones, high-speed rail, and increasingly AI didn’t all materialize from a Samsung PDF.

gizamo

You sound as if you want to pretend any country does it even remotely as bad as China. China's espionage is institutionalized and it's fed directly from their military directly to their state-sponsored entities. It's literally a CCP governmental and nationalistic operation to steal foreign IP for their own companies.

TheRedditModsSuck

>CHINA has produced real results in electric vehicles, solar, batteries, AI, and high-speed rail. I agree with this, but I don't agree with number of patents being a good indicator of that. I work in the IP sector and I can tell you that almost no patents it ever see usefulness in the market. Patents are always quite early stage work so the vast majority won't ever make money. A very small percentage do, and they tend to make *a lot* of money.

ZookeepergameTotal77

South Korean companies have historically been involved in high-profile legal disputes and corporate espionage cases regarding the acquisition of Japanese intellectual property (IP), particularly during South Korea's rapid industrial rise in the late 20th century.

ZookeepergameTotal77

South Korean companies have historically been involved in high-profile legal disputes and corporate espionage cases regarding the acquisition of Japanese intellectual property (IP), particularly during South Korea's rapid industrial rise in the late 20th century.

ZookeepergameTotal77

Japan said hold my beer: South Korean companies have historically been involved in high-profile legal disputes and corporate espionage cases regarding the acquisition of Japanese intellectual property (IP), particularly during South Korea's rapid industrial rise in the late 20th century.

ZookeepergameTotal77

You sounds as if only China does it...... South Korean companies have historically been involved in high-profile legal disputes and corporate espionage cases regarding the acquisition of Japanese intellectual property (IP), particularly during South Korea's rapid industrial rise in the late 20th century.

SilverPrivateer

The newly announced sex bots powered by grok ai, is this shit like robotaxi where it will take 10 more years or you guys think its real? And does tesla or spacex own the IP?

Hot_Skill

hmmm ... HONOR need to buy batteries from outside China ? What's stopping any other companies from cloning the tech. IP does not really apply in China.

da8BitKid

It steals IP, it doesn't just displace artists

Top-Positive6537

Watching AIMN at these levels for a potential swing after their IP acquisition.

Incorrect_Oymoron

It really depends on where you draw the line for "Intellectual property" Is the a flash music player an IP that the ipod stole? Is scraping the entirety of github theft? Is scraping an LLM built on scrapings of other LLMs theft?

Napster-mp3

Ban their IP’s

imjunsul

Apple didn't steal IP tho

imjunsul

More stolen IP from samsung 🤣🤣🤣

Bob_the_peasant

Who the fuck bought Moderna at $170 using my money?! *looks at trade history* *….*clearly an expert hacker using my exact IP address, with my password and my 2 factor auth… at the exact same time I was also logged in yesterday. How am I gonna catch this guy

SeraphimSphynx

I don't buy the argument that the overwhelming failures of AI to deliver value outside of coding roles is user error. That's just tech bro narcissism. I'm a bit older, so I've lived through the continuous over promise under deliver of big tech for decades now. First it was computers and the Internet, then smart phones, then apps. Each one was supposed to transform modern life and working for the better in a thousand different ways. Almost none of them delivered anywhere near the value they said they would. Most came with massive downsides that were heavily downplayed by the early adopters. Ever heard of this new fangled term "screen time"? Well as early as 2010 people were sounding the alarm on it and being told they were wrong and massively overreacting. Now it's AI, except they are asking communities to give up potable water and pay 15% surcharges on their electricity for some nebulous utopia of not working with no demonstrable use cases that can even begin to scale. Coding is a tiny portion of work. Tiny tiny fraction. Most of my coworkers don't code at all. Where are the scalable use cases to even come close to justifying this upfront cost? And China is going to win the race either way because we have screwed over the trade economy for ourselves and everyone else in the world is looking to China for stability. China who has never cared about IP will steal and cheat and win AI. They already are with Deep. They'll do it again with the next model. Matter of time.

SpiderWil

mrna doesn't have to cure patients, they just need to sell the IP

RedditLeagueAccount

Real estate is the main big one that is reliable. A tangent to that is owning land. Eventually development spreads to buy the land. Owning a business or a controlling stake. All the above provides cushion to the below. Or it is just stuff old people collected over time for fun. All the collectible stuff is very similar to day trading. It is hard to evaluate it as a consistent retirement plan because you don't know what it will be worth. Same for paintings. I understand that is a thing rich people have been doing to dodge taxes. It is hard to guarantee you will find a buyer. The wealthy get away with it because they have a massive cushion and banks are willing to make arrangements when they do stuff like claim the picture is worth millions. Some people purchase IP domain names because eventually a company will come along having that name. It's literally just the factor of owning anything you think will increase in value that has a physical existance. Same as owning gold. Someone bought tons of the older version of pennies assuming the physical material of copper would increase in value for example. If you think a rock will increase in value, you can buy and store it. Same thing even for something like trees. Though normally that's something your kid would need to collect on. Tree's take a while to mature.

Tedious-Butcher

Their management style in Disney are too heartless and many good employees that really put in the work and effort became nobody, the irony that they own kingdom heart IP.

Expensive-Exam-5088

CXMT should not have had LPDDR5 for another 4-5 years. They got it fast because they poached talent and stole IP from Samsung and SK Hynix. From that perspective, it's illogical to not expect them to have HBM in 2 years.

MojaveMark

Pokemon cards, and I'm not even kidding. Especially the older stuff that's still in great condition. Newer stuff can be very valuable, but typically less consistent. It's the largest IP in the world, ever. I've always loved Pokemon and have collected cards off and on over the years. However, going to a show and watching people trade 10's of thousands in cash is pretty crazy.

InnitPikachu

You forgot .com domain investing, used to be quite a thing in the 90s/00s. Others could be parking lots or storage units. Sport cards and funkopops too. Gemstones and jade jewelry. Licensing IP creations and franchises too. But I would just stick to tech stocks for alpha, liquidity is better here.

instantcrackpot

Debatable. And it doesn't need to be as good. 80% is enough. Companies will run open-source models locally. And if not, if they can outsource manufacturing and office/tech jobs, they can definitely outsource AI to countries with cheaper energy and less environmental regulation. The reason why China was able to steal IP is because companies decided the increased profits was worth the tradeoff. They won't stop now.

ivotebolsheviklite

To be honest: you’ve made a mistake. If your strategy is working, you take profits, leave some in, and continue the strategy. Otherwise, your convictions aren’t worth much. And I don’t think you understand what NVDA is doing either. This isn’t the dealer guaranteeing the collateral, this is NVDA setting up structures so that when and if the AI bubble pops they can swoop in and gobble up the frontier model providers for their IP. OpenAI is going to be the AI equivalent of Pepsi to Anthropic’s Coca Cola. And the moment they go bankrupt in a pop or hit real hardship, NVDA gets first dibs on the scraps.

No_Presentation9490

The quality of a product or an IP has zero relevance to a company's stock price

echoshizzle

I saw Mario and Luigi “Little People” toys. This company is building an empire on their IP and it shows. 

ML7777777

Bot? Nice deflection. Too bad its documented in court records and articles that China could not provide ample proof that they developed OLED and Folding Screen technology at all. At best they showed basic research into fundamentals but nothing that matches the advanced IP required to produce the products. And that's why the U.S. granted the most strict restrictions against China. You can also look up the court cases for the two Japanese companies who filed a lawsuit and ultimately just asked for cross licensing. It came after Korea started out producing Japan in advanced DRAM. You can look up when that happened, too. You can either retort with proper rebuttal or just throw out accusations as if that does anything other than point out your inability to counter because you have no counter. Maybe you can steal a counter argument?

ML7777777

Sorry for your non-argument. China needs to stop stealing IP. At least they can buy other countries IP which is fine. Maybe do that instead of stealing.

ML7777777

>Samsung simply stole DRAM and LCD secrets and IPs from Japan 20 More lies to deflect the shame from Chinese IP theft that is blatant and numerous. There are only two cases where Japanese accused Samsung of DRAM theft but their details of what they stole was so vague, that it never reached a verdict in court and one didn't even get a formal trial. It got settled via a CROSS LICENSING between the two countries. This was seen as an attempt to get access to IP Japan needed from Korea because the Japanese were falling behind the Koreans in DRAM exports. Even the press were dubious of their claims. Example: >Hitachi provided only sketchy details. A spokesman said the technology in question was a Hitachi process to make two sizes of dynamic random access memory chips. You can make your claims but not everyone is unaware of how things actually work. Korea has a documented pipeline of R&D and investments into core technologies. China simply doesn't and when China lost its OLED and Folding Screen lawsuit, the reason why the US was willing to impose a 15 year ban on all Chinese products using the stolen tech was that China had ZERO documented research into the technologies that they could demonstrate in court. This proved they didn't develop their own versions, they literally used the tech they obtained illegally from Samsung.

ML7777777

Licensing tech is common and used to avoid lawsuits. This is normal for every tech company. The difference that you ignore is China doesn't play by international rules and will steal first and then come to the bargaining table once caught and forced too. And your projection about using bots. Lol, we know which country floods social media with bots. Beyond that stupid strawman, the legal process and courts don't take input from bot. Grow up. Lastly, YMTC has a "hybrid bonding" patent Samsung used. One specific patent for one aspect of NAND. The fact that you try to word is such that YMTC has many contributions to NAND is typical propaganda you guys do. In case you don't know, more like won't admit, Samsung holds the core IP for 3D NAND which they pioneered. 3D NAND is what every NAND vendor produces today.

fallingdowndizzyvr

> In other word, China's practice of restricting market access or subsidies conditioned on forced tech transfer, as China has forced upon all foreign since 2011, or domestic production requirement since 2015 is illegal Again, the US does all those things. > How do we know this? Because the WTO has ruled against the US for doing illegal things. > And, yes, every developed country, from the EU, to the US, to Japan/Korea, etc, is now employing the same anti-market strategy to counter China's abuses past 25+ years since its accession to the WTO in 2001. LOL!!!!! The US has been all those things since way before China joined the WTO. The US has been doing those things since there has been a US. Since day one. For a long time, the US was synonymous with IP theft. https://www.jstor.org/stable/j.ctt1npzzt That hasn't stopped. Industrial Espionage is still part of US foreign policy.

fallingdowndizzyvr

> Sure, China dominates in solar and EV because they were able to hijack the supply-chain early on by employing anti-market/mercantile practices such as IP theft/forced tech transfer, illegal subsidies, banning foreign suppliers/LCR (local content requirement), dumping, etc. The the US playbook then. They just did it better.

SoCallMeDeaconBlues1

What's funny about that license (which only extends specifically to hybrid bonding) is the tech is something Samsung could've easily gotten elsewhere. This is the part of the process where the NAND die is bonded to the logic die; Kioxia is already doing it, SK isn't far behind, neither is Micron. Samsung licensed the YMTC hybrid bonding process because it was probably cheaper and quicker for them to do that then it would've been to develop it in house using the other licensable processes; it was an easy way to just pick up the ball and run. What's also interesting is there are soooo many other areas of making 3D NAND that YMTC was simply dead last to the table with. But unless you filed in China, owning IP on any of it does you no good- and even if you did, the Chinese courts are VERY forgiving to the Chinese companies, to the point that it's not even worth thinking about trying to sue in China. This is why YMTC NAND hasn't shown up in the US yet. Apple actually tried to a couple years ago but gave up on it. The original patents on that hybrid bonding technology were filed by Ziptronix, and Tessera eventually bought that portfolio. First in the wild was Sony (used it for image sensors) but their license came from Ziptronix directly. Tessera eventually became Xperi, which then eventually split into 2 publicly traded entities, Xperi and Adeia; Xperi is the device side, Adeia is the IP licensing side. Both Kioxia and Micron licensed the Ziptronix patents from Adeia. I'm not saying anything that you can't just google for yourself. All these kids in here talking about this and that because they probably built their gaming rigs with sticks containing DRAM from CXMT and think they know everything about it cracks me up. The ad hominem attacks are the icing on the cake. I know it comes across arrogant but they really have no idea what they're talking about, from an IP standpoint or a device construction standpoint.

NappyDougOut

I didn't say I was against the premise of the OG post, but in tech investing, a big component of wise investing is breaking down how the tech works, risks to operations, and sustainability... I'm a developer by nature, so in evaluating how this iteration of Ai & training resources works, I have veey little faith in it's long-term sustainability... Major cracks are already beginning to surface. It also relies heavily on humans continuing to post accurate new info, their opinions, & IP on reddit unpaid, when it's becoming more hostile towards human users each day, which makes it all a rather nonsensical & hughly risky gamble.

ExpressionAlarming

What is the obvious IP theft? I see an obvious bot here who keeps telling old fashioned lies. Maybe you should instead tell the truth about how Japanese companies are actually stealing commercial secrets from Taiwan and Samsung

NappyDougOut

Twitter was the #1 tool for real time data... Now it's charging unpaid people to share their knowledge, ideas, & IP to have it "seen" by others or accounts get ratioed, no matter how valuable the posts they make are... It's bewildering how tech has come to that twisted reality. But it also explains why the platform is now a wasteland of dull bot posts now. 😞🍌

ML7777777

Its not to sue them to stop in China, they can't. Its to leverage IP laws to keep those Chinese products out of western markets.

ML7777777

That's for older DDR4 and DDR3 which they have licenses for. DDR5 was stolen from Samsung and once that hits global markets I'd expect lawsuits just like Samsung eventually won their lawsuit against BoE for using Samsung IP for folding screens and OLED screens.

ML7777777

China can't do a better job at all, even though they are using stolen Samsung IP, poached Samsung engineers for over a decade and work with both SK Hynix and Samsung in their Chinese DRAM fabs, they still couldn't get DDR5 right. They even had to bring in a different Korean company (Haesung DS) to help get DDR5 yields up and to get them to help map a path to DDR6.

tooltalk01

>Look at solar and EVs.  Sure, China dominates in solar and EV because they were able to hijack the supply-chain early on using mercantil practices such as IP theft/forced tech transfer, illegal subsidies, banning foreign suppliers, dumping, etc. The chip industry's supplyl-chain mostly exists in the West.

experiencedreview

ONDA doesn’t have any drone IP or production capability that provides any value

IntelligentMarch6827

Microsoft’s cloud offering sucks, and the core business is threatened because it’s all about seats that will be eliminated by AI. Their delivery of copilot hasn’t been a rousing success. Oracle is fully leveraged and the legacy business is predicated on high friction for customers which AI dramatically reduces.  Amazon is selling services but doesn’t own the IP. Google is vertically integrated. They own the facilities, models, applications, user accounts and gatekeepers for the internet.  They own the consumer AI journey end to end and deliver value with AI natively with Google.  They own pieces of Anthropic and SpaceX. When Claude wins, they win. When Grok sells capacity of PR nightmare dirty data centers, they win. They have  huge customer base that can easily consume enterprise AI APIs. The tech itself moves so quickly you need to think of the big picture. In January, Gemini was king. Today, Anthropic is the mindshare winner.

bensquirrel

lower P/E? different business structure? more IP potential? you're simplifying these companies a lot when you just call them "hyperscalers"

gizamo

When Samsung sues CXMT for their obvious IP theft, CXMT will sue Samsung in China's kangaroo courts for the exact same thing. Then, China's courts will threaten to block Samsung from operating in China until they drop their lawsuit against CXMT. That's exactly what China did when Fujian/UMC blatantly ripped off Micron tech. China strong armed Micron into settling out of court, and they basically got nothing. Any company doing any semiconductor business with China is just asking to get their products ripped off and undercut. They do it at every step in the supply chain, too. It's insane that any US companies are still in China at this point.

weHaveThoughts

I understand the difference between fission and fusion. I would love to see fission reactors but TAE doesn’t have anything close to being viable. TAE is a research lab leasing their IP just like 100 Universities. Leasing IP doesn’t generate $10 billion in revenue and they are at least 15 years away from having anything viable in terms of a fission reactor. It’s another con. Just like everything else in the Trump portfolio.

Stellar_Impulse

kK biggest problem seems to be their 800 million+ debt rather than their revenue. Am I crazy to believe that this could put them in a way more favorable position? Sure there are royalties or licensing fees, but....its FREAKING POKEMON!?! The most profitable IP in history. Bigger than Marvel or SW. And hitting during a period where its collectibles are highly sought after.

SoCallMeDeaconBlues1

😂 You have no idea how IP law works.

OverEchidna

They're not a scam, which is more than I can say for some companies posted on here. I like the revenue growth, and it's quite possible they start inking some serious contracts later in the year. I would like to see their contracts, to make sure they're keeping a % of the IP. Thanks for sharing.

MitchCurry

I went to EDGAR for the first time today and opened one 20-F. I then tried to open a second one... >Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes. Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests. So how did one 20-F opening show them >10 requests?

HigherGroundHoonigan

This has been posted on here multiple times. I suppose I can repeat it once more. Trulieve completed their Redomicile from Canada to Delaware this week. Trading platforms have to update things on their end to reflect that. The long string of numbers is a placeholder tied directly to the shares (think of it like an IP Address rather than a Domain Name such as 'reddit.com'). Once everything is updated on the trading platform, the current price, and ticker symbol, will be updated. Different platforms operate at different speeds but it's expected to take "1-3 days". Be patient. Or, utilize the support/chat function on your trading platform to ask THEM.

Sufficient_Habit5091

>*Echoing Palworld dev, video game lawyer says all her clients have anti-AI contracts because gamers hate it and it's a copyright landmine: "I think we're going to see lawsuits"* >Video game lawyer Haley MacLean has seen such a sharp rise in anti-AI wording in the game dev and publisher contracts she reviews that virtually "all" of her clients now explicitly oppose the tech. >Speaking with GamesRadar+, MacLean, a corporate IP lawyer and head of video game practice at Voyer Law, explains just how common clauses banning generative AI have become. >**MacLean frequently deals with publishing agreements for "indie up to AA" studios. These spell out "the services that the publisher is going to offer in exchange for [revenue] share." And in these agreements, more developers and publishers are pushing to completely forbid any use of generative AI, she says.** >"It's turned around, especially in the past year. I would say about two to three-ish years ago, you'd see a little bit of it," she says of anti-AI clauses. "But in this last year alone, it's gone from being in a decent chunk of agreements, maybe the more risk-averse publishers are sticking in 'no gen AI' clauses, and sort of trickled down to, 'The big guys are doing it. We should do it too.'

Sufficient_Habit5091

>*Echoing Palworld dev, video game lawyer says all her clients have anti-AI contracts because gamers hate it and it's a copyright landmine: "I think we're going to see lawsuits"* >Video game lawyer Haley MacLean has seen such a sharp rise in anti-AI wording in the game dev and publisher contracts she reviews that virtually "all" of her clients now explicitly oppose the tech. >Speaking with GamesRadar+, MacLean, a corporate IP lawyer and head of video game practice at Voyer Law, explains just how common clauses banning generative AI have become. >**MacLean frequently deals with publishing agreements for "indie up to AA" studios**. These spell out "the services that the publisher is going to offer in exchange for [revenue] share." And in these agreements, more developers and publishers are pushing to completely forbid any use of generative AI, she says. "It's turned around, especially in the past year. I would say about two to three-ish years ago, you'd see a little bit of it," she says of anti-AI clauses. "But in this last year alone, it's gone from being in a decent chunk of agreements, maybe the more risk-averse publishers are sticking in 'no gen AI' clauses, and sort of trickled down to, 'The big guys are doing it. We should do it too.'

stuff_happens_again

HTZ when IP

GeoLogic23

I don't like buybacks, but i also don't think they'll have quite as much integration costs as you would think a company would after having made so many acquisitions. Definitely should have some. I just don't think it's going to be crazy. It's mostly just Florida and Colorado that have significant amounts to integrate. A lot of other are small entries into other states. https://www.reddit.com/r/weedstocks/s/Chx7ZdLNTT Their strategy is more like a collective of single state operators who operate independently. Then just adding on things like delivery, brands, and other IP to give them a boost. I really want to see their next move in Illinois. Need to add more there. My first guess is the rest of Revolution's assets.

CosmosMasterMan

Fair point! On one hand, it's a speculative illiquid asset that will go on grinding up or down as long as there are servers with records of the leger, on the other hand, my most risky holding, CNTX is trading under a dollar and is a binary bet on oncology IP that had about a year of solid funding until more resources are on the books. So I do have a bias about crypto, that much is evident.

CosmosMasterMan

somebody's not familiar with the IP ;)

CosmosMasterMan

Should I put my $1.00 Dividend from Visa into ASML or gamble more on CNTX oncology IP pipeline breaking out?

Exquisite-Load8654

Then someone gets their (OpenAI) IP for pennies on the dollar. It’s honestly a dream scenario if that happens. And it’s likely Microsoft will get first dibs.

CosmosMasterMan

Dig into their IP, the moat is wide on future Q infrastructure

CosmosMasterMan

Yeah for Pharma/Medtech I run ISRG, DSNKY and LLY, with a small bet on CNTX because of valuable IP.

Freedom-Of-Trades

So if the court decides thst anthopic got it's smarts from us regards, how much does anthropic owe each of us for our IP?

interwebzdotnet

Defense/government is 54% of their business, 46% is commercial,and it's growing fast. Commercial will probably be the majority of the business within another 3 quarters or so. The negative attention isn't the reason behind the stock price dip. It pulled back as the whole AI sector pulled back,and as per usual it was because people don't understand what they do. The companies that just build our AI at a loss,and the companies that were just throwing tokens($$$) at business problems are why there was a narrative that AI wasnt generating revenue, meanwhile thats all Palantir was doing ..generating revenue. They also strongly called out the fact that the LLMs and a lot of other AI companies require the surrender of data to the models,and loss of IP just to use AI, which is very true,just not for Palantir. They get lumped in with the cash burn of generic AI spend,but are a complete different animal,and people still don't understand that.

vanderchief

agreed with most of your statement however: >Thats before you begin looking at the fact youre giving your IP to another company. But don't they have contracts for that exactly? If that really was an issue no company would use any cloud services like AWS, Azure, ... Or am I mixing things up?

No_Feeling920

These two companies have very little moat. If they go under, someone can pick up their IP for pennies on the dollar and try operating it in a profitable way. If that's not possible, their models could get open sourced for anyone to self-host. Or just switch to a different model vendor (Meta, XAI, DeepSeek etc.). Whoever had HW supply or lease agreements with these two will have to find a different customer for the ordered stuff. This is not what I understand as concentration.

PeopleCallMeSimon

Only someone who doesnt understand why AI is a bubble would write this comment. AI isnt a bubble because there isnt an interest in AI. Same as the dot com bubble wasnt a bubble because there was no interest in the internet. They are/were both bubbles because a ton more money is getting pumped into the industry than could ever possibly come out of it. Companies like ChatGPT make less money the more people use their platform. They are currently covering it up by putting the associated costs under "marketing" because they claim all current usage is just advertising their product. They are hoping they can cash out on an IP before its too late, or make some kind of critcal breakthrough that solves this issue before its too late.

Onotadaki2

The bubble "bursting" is the transition from the onboarding period we're in now to where they're charging what it actually costs to run this all. There will be AI use before and after, sure. The issue is that all of a sudden you won't be able to code 9-5 on subscriptions that are $150/month and you're paying $5,000/month in API costs. This will still be cheaper than humans if you look at the speed and quality, so they won't transition back to humans, everyone will reduce their worforces and eat the $5,000/month per employee as a cost of business. Companies that use LLM APIs for stuff like chatbots on sites will suddenly be facing 10x the costs to operate that they were the month prior and their entire business model will collapse because no company will spend what it now costs for their services. This will suddenly drop out 80%+ of the companies in the AI space as they're completely unprofitable with the new pricing models. As these companies collapse, OpenAI, Anthropic and Grok will gobble up all the little guy's IP and integrate their services into the frontier models.

Oldboy_Finland

We use IP / internet based services now like dot.com companies envisioned we’d do over 25 years a go. Back then it was said to happen everywhere immediately, it took quite long to actually happen. Most of free AI usage is something that only few people are willing to pay a monthly fee right now, some will, but I’m inclined to believe that actual take off time for paid usage can be quite long for big masses.

saheel1511

He did that because he had lost the Closed Source fight already, not out of goodness of his heart. He wanted to commoditize the IP.  Kinda like what Google did with Android to compete with Apple. But it didn't work out as well. Because OpenAI/Anthropic kept improving the models like crazy. 

SidewaysFancyPrance

Honestly, I've lost a lot of faith in our systems and this doesn't impress/excite me at all. Apache 2.0 doesn't mean much IMO. Mark just needs to cut Trump a check and suddenly the rules are changed and he has the DOJ on his side, prosecuting his opponents and protecting his IP. No thanks.

DireStraitsFan1

Problem is there are open source options that are just as good and they do not steal your IP.

jcooper_murica

As everyone here has pointed out, there’s a big difference between Ai being a useful technology and the current state of the Fronteir companies and hyperscalers and whether the massive investment in it will result in sustainable profitable companies. The current “bet” by investors essentially requires AGI (the version of that word that has Ai able to do most current jobs we pay humans to do) at the same level or better than a human, to justify the huge debt taken on for the infrastructure and R&D. First, we havent gotten there yet and its highly speculative that they ever will. The fronteir labs’ “plan” to get there is recursive self improvement, a separate milestone that no one has gotten to yet. Add that to that the large, previously very liquid companies backing much of the actual cost of all the investment have all taken on debt levels (both on book and off) that are orders of magnitude larger than other “bubbles” and the circular nature of much if the money the companies involved are booking as revenue, and it is difficult to conclude it’s not a bubble that will burst. But this bubble bursting doesn’t mean the underlying technology isn’t real and isn’t here to stay. It just means that OpenAi and Anthropic and Xai (or spacexai oe whatever it’s called now) are likely to implode prior to realizing their stated objectives with Meta, Microsoft, Google, Amazon, Oracle and Nvidia likely to have huge losses. Then a few parties who have liquidity when it all implodes will come in and buy up the IP and whatever parts of the infrastructure still have value for Pennies compared to the current cost, and they’ll be the ones to make large profits off of it.

snorlax42meow

Seems good. They were fire selling projects and IP to finance build out and now just riding AI hype and get to raise cash.

MitchCurry

You only read the headlines and not the articles. Allbirds sold all its IP and eqiupment and inventories to American Exchange Group. The remaining shell company was basically sold/converted into an AI company called Smartbird. No leadership from Allbirds stayed on. There was no actual pivot. Basically the BIRD ticket was sold for nothing to other people who started an AI company. The headlines saying Allbirds was pivoting to AI was ragebait.

Strong_as_an_axe

Lots of enterprise is already limiting use because of token costs and they’re currently not priced at a profit. Thats before you begin looking at the fact youre giving your IP to another company. If it is likely that investing in infrastructure for local inference and then hosting an open weights model etc. makes much more sense in the long run. Particularly since it looks like LLMs have plateaued.

Top-Positive6537

AIMN near lows watching here for a swing. Aimwell Partners reaches agreement in principle to acquire \~$10M in IP to supercharge AimwellBio’s verified healthcare intelligence platform. Building the trust layer AI in biopharma desperately needs.

crankthehandle

It's short-sighted to call the entire metaverse story a failure. Lots and lots went into hardware and they probably produced tons of IP used in their products now. But yeah, in the end he is mostly good at scaling things. Not too worried honestly, he will find a way.

fomoandyoloandnogrow

Can they reboot looney toons already. Warner bros not using IP effectively

realribsnotmcfibs

You think buying stock in the company will give you the rights to their IP?

Mother___Night

ai is going to implode. Aside from the fact AI is the worlds biggest IP litigation time bomb, which is one big reason apple has stayed clear, and why google has willfully restrained what it allows its models to be trained on--AI, especially LLMs just aren't going to get much better and/or useful from where they are now.

batistuta_pso

30 people + hundreds of outsourced workers. Rockstar doesnt have all of their people on a single game, they have multiple studios + GTA is an IP like no other. It will be the most sold game of all times when it releases on PC .

keknado

Agree with photonics. COHR and LITE leading the charge. An exciting microcap in the space is Aeluma (ALMU) They are solving the power and bandwidth bottlenecks of AI data centers by replacing traditional copper interconnects with light. They do this through a proprietary manufacturing platform that grows high-performance photonic devices (like photodetectors and lasers) on standard, large-diameter 300mm silicon substrates, providing a cheaper, scalable, non-indium-phosphide alternative. Recognized as critical infrastructure for the domestic compute supply chain, Aeluma recently signed a Letter of Intent for up to **$30 million in U.S. CHIPS Act R&D funding** to scale its Goleta, CA facility and U.S. foundry operations. While operating as an independent IP and component developer, Aeluma sits at the heart of key semiconductor plays: its integrated light sources offer the missing foundational hardware for **Nvidia’s** push into co-packaged optics (CPO) and sub-2 pJ/bit optical I/O, while presenting a modern, monolithic 300mm alternative to **Intel’s** legacy bonded silicon photonics architectures.

RedPlumpTomato

My AI Slop Analysis: AMIX — HARD AVOID Let me explain what the fuck you just watched. On July 28 Autonomix Medical disclosed $5.1 million in cash, 971,043 shares outstanding, and a freshly filed shelf registration to sell more stock — and at $2.75 a share the whole goddamn company was worth $2.67 million, which is less than the cash sitting in their fucking checking account. The stock ripped 66% on July 29, gave most of it back, and sat at $3.44 on August 3. Then the company dropped a patent press release — U.S. Patent No. 12,433,670, nerve sensing and neural mapping for pancreatic, prostate, breast, colon, liver, ovarian, and bone cancers — legitimate IP, genuinely meaningful technology. And at the exact same moment the SEC declared their ATM shelf registration effective, meaning they could now legally dump fresh shares into whatever rally the patent news created. Same fucking day, not a coincidence, by design. The stock went from $3.44 to $19.50 in one session. By August 5 it had already shit back 37.6%. The machine that creates press releases to pump prices to sell stock into is running exactly as intended, and you are 343% behind the people it was built to feed. The dilution history is what tells you what this company actually is. From March 2025 to December 2025 it tripled its share count — 2.5 million shares to 11.4 million — while generating zero fucking revenue. It was surviving by selling its own stock the way other companies sell products, except product sales don't torch your shareholders. By January 2026 the share price had collapsed so badly Nasdaq sent a formal delisting notice. The fix: a 1-for-21 reverse split on June 24 that turned 11.4 million shares into 543,000 and made Nasdaq happy without the business earning a single dollar. Three weeks later they needed cash again. A warrant deal printed 428,731 new shares and pulled in $2.57 million, plus loaded 857,462 warrants into the pipeline for the next round of screwing. The ATM shelf that went live August 4 stacks on top of all of it. This isn't a company that has a product and ran into trouble — it's a stock-selling operation that happens to be doing some science on the side. Brad Hauser, the CEO, is not a fake. At Zeltiq he helped scale CoolSculpting into a $2.4 billion Allergan buyout. Then he ran Soliton straight into another Allergan acquisition. The man has two legitimate medtech exits on his resume and the Rolodex to potentially walk this platform into a third. None of that changes the one fucking thing that matters: Brad Hauser has not bought a single share of Autonomix with his own money in the 14 months he has been running this company. Not at the pre-pump lows. Not at any price. The entire insider base — every officer, every director, every person with access to the real clinical data and the burn-rate projections — collectively owns 0.02% of outstanding shares and has put zero personal cash in for two straight years. These are the people who know whether this technology actually works. Their verdict, expressed through 24 months of doing absolutely nothing with their own brokerage accounts, is that it is not worth buying at any price it has traded at. That's not a small detail. At a pre-revenue company with no product sales and no FDA clearance, insider conviction is the only real internal signal you have, and it is screaming at you. At $12.17 you are paying an $11.8 million market cap for $5.1 million in cash, zero revenue, no FDA clearance, nine months of runway before the next mandatory capital raise, 857,000 warrants worth of dilution sitting in the queue, and a live ATM shelf that can dump into any rally at any time. What you are actually paying for the business — after you subtract the cash — is $6.7 million. That buys you preclinical animal-model data on renal nerve sensing, some impressive conference podium presentations that are already months in the rearview mirror, and a CEO who has twice proven he can get acquired but won't put his own money behind it here. Every catalyst that existed for this name has already fired. There is nothing on the calendar. If you caught this at $3.44 on August 3, you had a hell of a day and the only question now is how fast you get out. If you are reading about it today, you did not identify an opportunity — you are the liquidity that lets the people who did walk away clean. HARD AVOID. \---

FrostingOk2692

they can rent cars to deliver the data physically instead of using them interwebs. It's like IP over Avian Carriers 2.0

pattymcfly

Fuck patent sitters and trolls. They are vampires on innovation. Pure IP plays are not what the patent system intended.

Grogbarrell

I mean technically it’s software vs software. I would gander AI companies may steal more IP than anyone else, patents or no

Reaper_1492

There’s a substantial amount of middle-corporate-America that doesn’t have the resources to vet the safety of open weight models - or run them air-gapped but stack connected. There’s no way those companies are handing their data to deepseek/china. It’s just not going to happen. And if you see enough fortune 500’s start doing this, there’s a real chance the administration steps in to kill the flow of revenue to Chinese providers. Not to mention China has a really terrible habit of building malware into its own products to siphon data and IP. It’s really a dumb move geo-politically to allow them to take over here, free market aside.

jakfischer

Worked for 35s I dug into the actual court record and Acacia’s SEC filings. **There is a legitimate trade here, but the Reddit author is overstating how close we are to knowing the payout.** The strongest part of the thesis is actually **ACTG itself**, not the giant Databricks damages number. At March 31, 2026, Acacia had **$307.5M cash**, $321.7M including equity securities, roughly **$91M of long-term credit-facility debt**, and **$528.5M of equity attributable to Acacia shareholders**. With 96.59M shares outstanding, accounting book value is about **$5.47/share**. ACTG has recently traded around **$4.40–$4.60**, so you're buying it below reported book value. That's meaningful. # The Databricks lawsuit is definitely real R2 Solutions filed the Databricks patent case in the Eastern District of Texas. The patent is **US 8,190,610, “MapReduce for Distributed Database Processing,”** originally assigned to Yahoo. And R2 has scored some genuinely favorable pretrial rulings. In February, Judge Amos Mazzant: * granted both R2 motions to strike, * denied Databricks' motion to strike R2's supplemental infringement material, * denied Databricks' supplemental claim-construction request. That's better than WSB fluff. Those things actually happened. The case is also very far along. The current docket has a **final pretrial conference scheduled for August 27, 2026**. So this isn't some patent application that *might* result in litigation five years from now. It's sitting essentially at the courthouse door. # But here's the giant caveat Those February victories **are procedural/evidentiary wins, not a jury finding that Databricks infringes a valid patent and owes $200M**. That distinction matters enormously. And there is a particularly important issue still being fought: **Databricks' license defense**. The public docket shows briefing this spring on R2's motion for partial summary judgment regarding Databricks' license defenses. That's basically the issue the Reddit author summarizes as: > If Databricks successfully establishes that its accused use is licensed, the sexy damages thesis can collapse. There's also the §101 patent-eligibility attack mentioned in the post. So I would absolutely **not** treat the litigation as 80–90% won just because R2 has been doing well on motions. # What could the lawsuit actually do to ACTG? There are **96.59M shares**. That makes the math beautifully simple: |Net cash ACTG ultimately receives|Value/share| |:-|:-| |$25M|**$0.26**| |$50M|**$0.52**| |$75M|**$0.78**| |$100M|**$1.04**| |$150M|**$1.55**| |$200M|**$2.07**| |$250M|**$2.59**| |$500M|**$5.18**| But notice I said **net cash ACTG receives**. The Reddit guy uses gross lawsuit numbers a little too casually. Acacia's own SEC filing explicitly says its IP cost of revenue includes things such as **inventor royalties, contingent legal fees, litigation expenses and licensing expenses.** Therefore: **$150M settlement ≠ $150M increase in ACTG equity.** We don't publicly know the exact economic arrangement associated with this particular portfolio. For rough investment modeling, I'd haircut gross recoveries substantially. Suppose ACTG economically keeps **65%** after applicable sharing/legal costs. That's only an illustrative assumption—not something I've found disclosed for R2. Then: |Gross Databricks resolution|Illustrative ACTG net|Per ACTG share| |:-|:-|:-| |$50M|$32.5M|**$0.34**| |$100M|$65M|**$0.67**| |$150M|$97.5M|**$1.01**| |$200M|$130M|**$1.35**| |$250M|$162.5M|**$1.68**| |$500M|$325M|**$3.36**| That table is much closer to how I'd think about the trade. # What ACTG is worth WITHOUT Databricks This is where I actually become more interested. At $4.50-ish, ACTG's market cap is roughly: **96.59M × $4.50 ≈ $435M.** Yet reported Acacia shareholder equity is **$528.5M**. That's: **$5.47 book value/share.** And you're paying roughly: **0.82× book value.** Acacia also isn't merely an empty patent shell. It has four reporting segments: **Intellectual Property, Industrial, Energy and Manufacturing.** At March 31, segment assets were approximately $252M IP, $53M industrial, $215M energy and $124M manufacturing. So the Reddit phrase "you're basically buying the lawsuit for free" is too strong. But there **is some truth behind it**: > That's a materially different investment from paying some absurd premium solely because a patent trial is coming. # My ACTG valuation I'd think of it like this. # Bad outcome Databricks wins/license defense succeeds/patent falls apart. The market may punish ACTG because speculative buyers leave. I'd put a plausible trading range around: **$3.50–$4.25** Not zero. ACTG still owns the cash, other IP portfolios and operating businesses. # Nothingburger / small settlement Suppose R2 gets something but ACTG ultimately realizes only $25–50M economically. My range: **$4.50–$5.50** Basically mildly positive but not transformative. # Good settlement Something around **$100–150M net to ACTG**. That's approximately another $1.04–$1.55/share of real economic value. I could see: **$5.75–$7.00** particularly because the market may start assigning more value to the remaining IP portfolio. # Big victory $200–250M **net** economic value. Now you've added $2.07–$2.59/share. Something like: **$7–$9+** doesn't look crazy. # WSB zombie apocalypse Hundreds of millions from Databricks followed by a broad licensing campaign against other large data companies. Could ACTG get to **$10+?** Mathematically, yes. But this is the part I would assign a **small probability**, not build the investment around. # There's one thing I particularly like Acacia's IP business really is incredibly lumpy. Q1 2025 IP revenue was **$69.9M**. Q1 2026: **$722,000.** That's wild, but it illustrates exactly what this business is. One settlement can radically alter a quarter. Acacia itself warns that patent litigation can last years and that even favorable interim rulings or verdicts may not predict the ultimate resolution because of appeals and other processes. So don't value ACTG on normal quarterly EPS. You're essentially valuing: **cash + operating assets + portfolio of legal claims.** # My probability-weighted take If I were building the position rather than writing a WSB post, I'd use something approximately like: **45%:** Databricks produces little/no meaningful value **25%:** modest outcome **20%:** strong $100M+ type economic result **8%:** very large result **2%:** the broader patent campaign becomes enormously valuable Those aren't court-derived probabilities—they're my conservative framework given the unresolved merits/license issues. That means I'd buy ACTG only if I were comfortable owning **ACTG without Databricks**. And at roughly **$4.40–$4.60 versus $5.47 reported book value**, I actually think you can make a reasonable argument for exactly that. # Bottom line I started this thinking the Reddit post was probably **90% WSB pump**. After checking it: **I don't think it's bullshit.** I'd characterize it more like: **70% legitimate special-situation thesis + 30% wildly optimistic damages fan fiction.** The **$120–275M estimates have essentially no verifiable basis because the damages material is sealed**. That's the weak part. But **ACTG around $4.50 ahead of an August 27 final pretrial conference is legitimately interesting**, because you aren't paying a $2B valuation for the lottery ticket. You're paying below reported book for a \~$435M company that already has substantial cash/assets, while getting a real and unusually advanced patent case as optionality. **Shares make substantially more sense to me than short-dated calls.** The lawsuit can settle, get delayed, go to verdict, go through post-trial motions, or spend years on appeal. Acacia itself explicitly warns that these cases can last years. If I were looking at actually putting money into it, **$4.25–$4.50 shares would interest me a lot more than trying to nail the trial with options.** And **August 27 is now the date I'd watch closely.**

Open_Pollution_8038

Here’s my issue with the “hyperscaler ” business of renting out these datacenter: How is this not a low margin, commodity style service after all of this gets built? None of them own the IP for the hardware, you have Google and Broadcom trying to crack Nvidia’s market but it’s subpar for in comparison.  I just don’t see a world where the hyperscaler continue reaping mad margin on being a middleman essentially. To throw more gas into the fire, if AI tools become the dominant way we interact with computers then Microsoft and Google’s core legacy businesses (where they still get most of their profits and margins) are under existential threat.

elgrandorado

$7974/NTDOY (Nintendo) "Nintendo reported first-quarter results on Thursday that topped revenue and profit estimates, even as Switch 2 console hardware sales fell 34.4% from the year-ago period to 3.82 million units. Revenue for the quarter ended June 30 came in at 517.8 billion yen. That topped analyst expectations of 444.96 billion yen, according to CNBC. Net profit rose 53.5% year-over-year to 147.4 billion yen, beating analyst expectations of 78.30 billion yen. Operating profit climbed 150.5% to 142.5 billion yen, the company said. A key contributor was roughly $300 million in refunds of tariffs levied under the International Emergency Economic Powers Act, which Nintendo recorded as a reduction of cost of sales. The company said those tariff costs had been borne by Nintendo rather than passed on to consumers through product prices. The year-ago quarter marked the Switch 2's launch, making the hardware comparison difficult. Nintendo noted that despite the hardware decline, buyers continued to pick up the Switch 2, with new title releases helping sustain momentum, and that the system's first-quarter sell-through tracked ahead of where the original Switch stood at the same point in its second year. Sales of the original Nintendo Switch also declined, falling 31.8% to 0.66 million units. On the software side, Nintendo Switch 2 titles sold 9.46 million units, up 9.2% year-over-year. Nintendo Switch software rose 38.6% to 33.81 million units. Tomodachi Life: Living the Dream led sales with 7.94 million units, while Pokémon Pokopia sold 1.27 million units in the quarter. IP-related income more than doubled to 34.8 billion yen, driven in part by The Super Mario Galaxy Movie, which Nintendo said has generated more than $1 billion in global box office revenue since its April 1 release, making it the second-highest grossing film ever based on a video game. Nintendo left its full-year outlook intact, with net sales still projected at 2.05 trillion yen and net profit at 310 billion yen through March 2027. The company said it has factored in approximately 100 billion yen in costs from higher component prices, particularly for memory, and tariff measures. For the full fiscal year, Nintendo expects Switch 2 hardware to reach 16.5 million units, which would represent a roughly 17% retreat from the prior year's total. Nintendo stock closed 2.87% higher ahead of the earnings release" Seems like demand pull forward and tariff refunds are the story here for Nintendo. There was an expectation that total sales for the Switch 2 would decline this FY due to increased prices. The pressure is on execution risk for their game releases, but it's the type of risk Nintendo excels at. They issued typical conservative Nintendo guidance which they'll beat as well. Fine quarter, but I honestly can't wait for this semi cycle to unwind and for prices to normalize.

Maximum-Side-9391

Only thing China is good at is stealing our IP soon their economy will crumble once a generation of door dashers are in adulthood

socialbatteringram

They already acquired valuable IP from a German memory manufacturer. In certain product lines if they’re JEDEC standard they can already by default go toe to toe with the big three.

killamasta

NLST just signed agreement with Samsung for their memory IP patents after years of litigation. SK Hynix renewal is also coming up soon. NLST has IP for MU, GOOG, SKHY, Samsung. Hop on board. We popped off 60% today

wcked-husky

IP is really valuable

kinkycarbon

Their financials. I do not see a pocket monster as a graphic in their earnings presentation. Even though Nintendo owns 32% of TPCi, the revenue Nintendo pulls from cards doesn’t match yearly software sales and IP deals such as films. It’s been pointed out to me in the past Nintendo’s profit is mostly software. Their focus has been their Core IP. Pokemon isn’t their Core. TPCi is a separate entity. The cards TPCi makes are pennies in value. They don’t earn any profit from secondary market.