IP

Napster-mp3

Submitted a lot of documentation with proof of customer feedback, IP address stuff, etc.

TheBioethicist87

yeah, bitcoin being used by traditional finance (yet another way it's just come back around to the same structures it claims to fight against) doesn't necessarily mean that's the moment it was no longer obscure. Bitcoin was well-known and was 11 years into its existence in 2020. There were industrial bitcoin mining facilities in 2020. What I meant by bringing NFTs into it was that the crypto landscape was popping off as much as it ever has been. Investment banks are doing what investment banks do, which is finding way to move money from hand to hand. If people want to gamble on bitcoin, then they'll give you a bitcoin ETF with a GIANT 0.25% expense ratio so they can take their cut too. There are many theories about this code the same way as there are many theories about the shape of the earth. The code wasn't sample code, they wrote it. At the time, online poker was huge, and sites were being shut down and assets were being seized by the US Department of Justice even when they were operating from Tuvalu or wherever. The context around that time, down to the month, for designing an un-seizable currency that wasn't regulated makes perfect sense. Even the people discussing the code on that forum believe it's overwhelmingly likely the code was about poker given the number of references and elements included. Deny it if you want, but it won't be because you're right. Bitcoin ETFs are the gambling part. If you invest in a stock or some real asset, the price you pay is based on the actual value of that thing divided by the number of shares outstanding. Companies have cash on hand, real estate, inventory, IP, and then there's the speculative value. You can argue over how much those things are worth, but there is a range to those values. Bitcoin has none of those things. It's a 2 column spreadsheet. The only basis for its price is what the next biggest idiot is willing to pay for it. Every buy order is no more than a spin on a roulette wheel.

Mental-At-ThirtyFive

it is not what you have, rather what you do with it - that is the curse of IP

ragnaroksunset

Makes you wonder why America is working hard to make people want to care about IP rights even less

whatsupmon420

While the core of my point can be undercut by your statement, I can still say, the clear change is Hasbro's strategy, to both, anchor their wallstreet financials to MTG in a way that they never did for the first 25 years, and at the same time, to over print and dilute the IP that is the basis for that revenue stream. It's a short term push for revenue to sustain the stock price for as long as possible. You have cardboard competing with AI for market cap. Come on man, out down the glue.

whatsupmon420

That's a totally fair point to make. Counterspell. Wizards of the coast loved their IP which allowed it to sustain through unpopular sets. Hasbro doesn't and their products reek of greed. It's a total mess as someone who's been playing for 30 years. I'm your canary in the coal mine.

NoWarmEmbrace

Hates what Hasbro does to MTG, to D&D, to the toy division..It's a bad company in general with great IP

Nelsons93

They just announced they’ve secured a patent notice from IP Australia for the Reqorsa combo (locking down that market alongside the US & Korea) and they’ve opened a new trial site at the University of Kentucky. The patent is great for the long-term moat, but honestly, the new trial site is the key here. More sites = faster enrollment = getting to that data sooner. They are still targeting 2H 2026 for the interim analysis. Good to see them actually executing on the timeline. Bricks in the wall. 🧱 #GNPX #Biotech #Stocks https://www.genprex.com/2026/02/10/genprex-announces-ip-australias-intent-to-grant-patent-for-reqorsa-gene-therapy-in-combination-with-pd-l1-antibodies-to-treat-cancers/

Nelsons93

They just announced they’ve secured a patent notice from IP Australia for the Reqorsa combo (locking down that market alongside the US & Korea) and they’ve opened a new trial site at the University of Kentucky. The patent is great for the long-term moat, but honestly, the new trial site is the key here. More sites = faster enrollment = getting to that data sooner. They are still targeting 2H 2026 for the interim analysis. Good to see them actually executing on the timeline. Bricks in the wall. 🧱 #GNPX #Biotech #Stocks https://www.genprex.com/2026/02/10/genprex-announces-ip-australias-intent-to-grant-patent-for-reqorsa-gene-therapy-in-combination-with-pd-l1-antibodies-to-treat-cancers/

TAKINAS_INNOVATION

Ideally you’d want to control both because IP allows you to go off into other revenue streams. Spotify can’t do anything besides subscriptions and advertising to diversify their revenue streams. I saw they’re trying to sell physical books on their platform to get creative. Kind of weird.

FarrisAT

Owning the IP really is overrated. It’s the distribution channel that matters.

TAKINAS_INNOVATION

I mean Spotify's main weakness is they don't own any of the content. So if the platform were to change they would get fucked over just like what happened to CD's back then. Owning the IP gives companies time to play catch up even if new disruption technology emerges.

SuperLeverage

HIMS had an opportunity to be a real business when they had a partnership to sell Novo Nordisk’s drugs. Then they blew it up by being greedy, continuing to prioritise compounded drug sales over Novo’s drug. Now no big pharma wants to work with HIMS and so HIMS has resorted to IP theft and are being sued for it and investigated by the FDA. They are getting what they deserve.

cathode_01

MTG previously was a product with a huge moat - it was self-moating. It had been continually worldbuilding since it's inception. Now that it's just a vehicle to sell shit based on other IP, there's literally nothing special about it. Hasbro destroyed the moat on their own property. We've seen Palworld basically ripping off Pokemon and mostly getting away with it, Hasbro has made MTG vulnerable to some other company creating an alternative TCG that steals the rich rule system of MTG but fixes all the 'problems' it has. It could be a new TCG based on an established fantasy or sci-fi IP, or it could be an entirely newly written lore, in either case Hasbro will be absolutely fucked if/when this happens. Once MTG has a serious competitor, resale value will plummet and people will cease buying new sealed product to speculate on valuable pulls.

Putrid-Caregiver7407

They buy IP then somehow manage to have their team turn the majority of it into garbage

deezwhatbro

Funny enough, Archer also got sued by Wisk (Boeing) for stealing IP, and the settlement involved Archer issuing a ton of warrants to Boeing plus letting them be the sole tech autonomous tech provider. Archer’s legally prohibited from even pursuing their own autonomous flight tech stack. It’s a dog shit company with no legitimate future.

Civil_Cranberry_3476

Thinking of a heavy short on /TR tootsie roll - they no longer innovate, are getting hit hard with cocoa imports, have no leadership since longtime CEO died recently, and spend more on lawyers for bullsh lawsuits than they do R&D and marketing See Tootsie v. tootsie impex a company thats been around since 1989 and tootsie v. Rollashoe for naming a shoe footzyroll. all they do now is protect a dying IP and no innovation. thoughts ?

ThinkingOfTheOldDays

Don't blatantly copy IP and you won't get sued

No_Feeling920

This is not about the right/approval to manufacture, but the right/approval to sell. Making it in Canada solves none of the issues. FDA approval still needed, patent/IP protections still apply, etc.

Every-Actuator-6996

Novo is suing to send a message, not because Hims is still selling it. Even though HIMS halted the Wegovy copycat, Novo wants to shut the door on all compounded semaglutide knockoffs and protect its pricing power + patents. Market reaction makes sense: NVO +7% = investors like strong IP defense and less cheap competition. HIMS -20% = growth story just lost a major pillar *and* now has legal/regulatory overhang. TL;DR: Novo flexing its moat → bullish. Hims losing its GLP-1 angle + getting dragged to court → very not bullish.

Ascertion

725M of their revenue last year was GLP-1 sales. That's about a third of their total revenue they posted last year. They're a growing company with profitable base, but the GLP-1 headwinds from these looming lawsuits will continue to drive the price down in the short term. They are also abusing an FDA loophole to allow 'personalized' compounded variants of Wegovy to continue to be sold to a small subset of their customer base. This is what Novo is trying to put a stop to. Before that, they were straight up able to market a knock-off due to the drug being on shortage due to another FDA loophole. However when Semaglutide shortage ended in Q1 last year, they continued to sell the personalized version. Their audacity to sell the Wegovy pill without any licensing agreement was incredibly risky, but given a third of the company's 2025 revenue was attributed to stealing and undercutting Novo's IP, I can understand why they took that chance. I made a lot of money off HIMs in 2025, I am not in it now and probably won't buy it after this.

MtGloomy0420

This is going to go epically horrible for China. It’s a classic fallacy they are in. They can’t build fast enough to support their growing economy, they can’t steal IP fast enough, so all they have is their own financial manipulation by the top dog himself. Must be tough being Winnie The Pooh!

Rare-ish_Birb

It open season on A list likenesses....lol....IP attorneys licing thier chops....

xploeris

I think it's more likely to be some of column A, some of column B. I still use Google to search for things, but the AI responses are often helpful - particularly when it's acting as a kind of research assistant by finding the kind of information I'm looking for, instead of making me read every search result to find it myself. I don't _trust_ it, but that's what the source links are for. And as long as I'm researching something I already have some knowledge about, I can easily spot the mistakes and hallucinatory bullshit. In short, it is a helpful time saver - sometimes. And the way you can interface with it using natural language is very cool. But AGI requires creativity and judgement. It needs to be able to learn and synthesize, not just copypaste. That's an entirely different level of ability - and we are not there. And there is no reason other than optimism to believe we will get there from where we are. Likewise, AI can't replace every job. And despite all the amazing things it can do with audio and images, we are not at the point where we can make a satisfying movie with it - there are always weird, uncanny valley glitches. AI art has been universally derided - not just for the effects on living artists, their IP, and their livelihoods - but because it kinda sucks no matter how "good" it is. The same goes for every other use of AI. But the trend where the rich keep getting richer and more powerful while the poor are stripped of any value, purpose, or agency, and left to rot in a gutter is going to continue with or without AI. AI is just another means by which this will be accomplished, same as any other laws or property assignments or capex or technology that divide the haves from the have-nots, and that trend will continue until the poors organize an effective political response.

Sisyphus62831

Yeah people need to understand how valuable it is to allow these companies to use whatever data they want and ignore IP and copyright laws! I need to be able to make videos of people without their consent!

ST-Fish

> I'm sure 100s, 1000s of years from now everyone will be using what about TCP/IP?

Zeruel_LoL

I work with children and they do get a pokemon card as their reward. Not a single child (~500) did know how to play the game or even had interest in learning it. My friends who provided me with the cards don't know and don't want to know either. The whole value is looking cool, trading the cards and being attached to a beloved IP.

DisjointedHuntsville

They’re fully self sufficient to run the business on cash flow alone. They have the largest profit margins outside of the ultra luxury niche. They continue to sit on the largest deployed fleet of autonomy capable hardware in the world. They have world leading IP developed in house on everything from battery chemistry and process, to injection moulding, electronics, a literal mine to market pipeline for lithium (yes they are a full miner, smelter and packager with more than double the margin of traditional mining or trading companies) They’re the only automaker competing and beating Chinese companies in China with videos on Chinese social media showing the poor performance of local autonomy versus Tesla which remains the preferred EV brand. One switch toggle and they can convert their entire fleet to robotaxis. I could keep going, but hey, why should anyone try to change your mind If you want to trade such incredible value like a dinosaur?

Lelat1red194

"big ozempic doesn't want you to know". Every fat person knows what they need to do to get thinner: eat less, work out more. But they're unmotivated to do so because that requires effort. They'd rather poke themselves or swallow a pill. HIMS was taking advantage of their laziness by stealing Novo IP. It's ironic that Americans complain about how Chinese steal American IP, but they do the same with a Danish company.

TheGoodSurgeon

Stealing IP is a bad business model

Devilindetails-1221

They are acting like thugs, stealing others’ IP

Lord_Rictor

I don't understand how they thought it's ok to just copy a current drug? Doesn't that bypass the entire legal framework for IP protection? Are we China now?

L0stInTh0ught

If its smart to invest in what the market is running from, then Reddit is a good investment right now. I'm not great with numbers when investing, so my case for Reddit would be: 1- I love using the platform. Not sure which brand of Tequila to buy at the grocery store? Reddit. What's the sentiment on crypto? Reddit. Where should I go while in Vegas? Reddit. 2- We're early in AI, and the economics and fair-use for data and IP are not developed. Right now there's a question of whether an LLM can get away with using the IP in a book just by buying a single copy,. Seems like that's not enough reward, and this will get settled before big lawsuits get too far. Kind of like how Spotify took a while to figure out its compensation model to artists. OK wait, that actually kinda sucks for the artists, which would be the equivalent of Reddit in this case. But there's just so much good stuff on there.

theb0tman

WSB homie right here with the heart. You’re not wrong.  I would rather see our government implement broad drug cost negotiations than asymmetrically enforce IP law

totallymagotes

Meh their deal with $GAL is the only interesting play, this will likely get their entire GLP-1 gig looked at. If you factor in an already overpriced stock with a 30% EBIT haircut looming + potential lawsuits over IP infringement and hopefully more scrutiny from the FDA, which has become extremely hawkish under Makary I do not think they have a very bright feature. They are marketing fluff, appealing but essentially an edge that will get chewed away at by a Chinese guy with a lab and an AliExpress store.

Sharing_Violation

The FDA is not empowered or involved in the litigation or crackdown on products due to any IP theft or any patent violations. The FDA is given power over the sale of products that are mislabeled or falsely labeled. That is their entire shtick... they review batch records, they govern paperwork, and they are there to make manufacturers prove that what they say they are selling and what that product claims to do is true, supported, and verified. The GLP1 drugs that are getting a crackdown are the ones that are being sold fraudulently. If the manufacturers prove their drugs to the same degree as the parent drugs for potency and efficacy and safety, the FDA don't give a shit about it being original or patented. That's for the lawyers to fight over.

Negative_Song_6362

They also might be able to take all their IP and talent since they own 30%

carrotsquawk

no one knows what is a sage haven. i personally share your opinion: netflix sits on massive IP and AI is not yet able to replace thst… yet

Ok-Chapter8930

Checkout out GTT, a monopoly on LNG boat transport and strong IP moat.

Vito_GYATafore

They don't have the funds to develop a new IP unless it is essentially an assassin's creed reskin

Kitchen-Assist-6645

Yeah, it seems like a good time to buy. Sure, they might go bankrupt, but I doubt it. More than likely, the stock bounces around for a while until they announce a new IP or two.

DanglePotRanger

Quantum or bust. Plus, it's not "Trump" he's just a mouth. It will be a foundational technology if they can get it to work, though it might take another 10 years. It's very early still. So was TCP/IP was when it was funded by DARPA. It took 10 years to start taking hold, another 10 to achieve dominance.

wheresbicki

AI is also a huge security issue. An AI agent can decipher what information it's allowed to disclose which means stealing IP and identity will become infinitesimally easier.

mvw2

Frankly, it's a problem of vision. You have many large industries unwilling to imagine and make big moves, too many stakeholders to appease, too much instant gratification. The problem now is who is the next visionary? We don't yet know that until it happens. There's not much we can fathom at the moment to say "this market space is ripe with opportunity!" and just blindly expect someone to both magically fill it and we simultaneously get the opportunity to profiteer off of it's meteoric rise. There are certainly things I expect to happen...but won't. For example, I think the large data center AI model is DOA. I think it's $10 trillion of wasted money. I see a very healthy path to localized AI, self sufficient hardware and models. This tends to be the natural progression anyways for folks who become interested in AI. Many almost immediately transition to local hardware and local models. Many just don't need the big models. Plus there's no privacy nor protection of data and IP in the larger cloud systems. So local is the only natural pathway. For this to work, the next step is companies have to explicitly back it, and right now no one is. I do think Intel has a tremendous opportunity to shift hard to local systems. Build high VRAM, high bandwidth GPUs at budget prices and flood the market with mid tier gaming + AI processing cards. If they can also quickly fill the gap in DRAM, SSDs, etc. where every other company is bailing, they have a real chance to pull huge market share and simultaneously turn that $10 trillion investment into full on losses, sinking the majority of their competition in the process. In just a few years they could dominate consumer, business, and AI markets, just in time for when big data centers finally spin up after finally getting energy infrastructure built. They could go further and leverage software companies and game developers to program for local models and processing power baked into this future hardware. Microsoft could run Copilot local. GTA 6 could run live AI driven NPCs, fully reactive and conversive to the player. You could race for hardware and software goals on surprisingly mid tier hardware only with a simple gearing to optimize larger than typical models and run speed. They could even market hardware level encryption solutions for businesses wanting to run AI and store sensitive data and sell that safety to the corporate world. They could run big marketing campaigns touting "big bad data centers consuming your precious AI, unprotected, vulnerable, and use good old fashioned fear based marketing to sway businesses and consumers away from big cloud based AI. If done right, they could own the world in a few short years. ...If...they had the vision...and the will to gamble big. Speaking of AI, I see this as the one available, HUGE play that's opened up in the AI space. EVERYONE and their grandma bet big on huge database, cloud based AI systems, subscription models, and will somehow, terribly, attempt to get end consumers to buy into AI subscription models. It just won't happen. Big AI is just dead outside of massive data analysis work by very, very few customers who 100% can not float the $10 trillion price tag. Given time, all the other players will slowly make their way back to normal computing. What companies like Intel have is an opening and time to run the track solo for several years. They can play the right game and win everything.

Quick1711

Yea I don’t think people understand the amount of IP that Netflix will acquire if they get WB. HBO, DC comics, etc. It opens a lot of new entertainment

No_Activity_1208

Apple already has an ownership stake in Disney from Jobs days. The synergies make too much sense. Apple gets all Disney IP, parks, etc and rolls Disney+ into their app. There is a reason Disney made head of parks CEO. They could care less about Disney+ at this point. Apple would let it operate as a stand alone for obvious reasons, but own all underlying IP. Kind of a no-brainer. Even if they paid a premium it would be worth it. They would use Apple tech in all their theme-parks, cruises, etc,

daytrader987654321

Honestly I’m not sure. If OpenAI dies, Microsoft earns the IP and it essentially becomes like Google after absorbing OpenAI. It could take a short term hit but then grow a lot

IslandExact429

I am likely really panicked for no reason This might be the end of capitalism. $600B in capex for data centers & our country is going to create the biggest dollar crunch of all time Everything will be repriced. Software PE will run at 8-10x. Everything will be a commodity. Nothing will have IP or Moat

DMT1703

Let's see can't even be any real industrial export since the native worker skills are shit and untrained, can't be any IP-related things since AI will cannibalize it, can't be food, might be exporting army if Trump doesn't piss off nearly everyone but Japan and Korea. Yeah idk.

AffectionateMaize523

You’re arguing voting mechanics. I’m arguing consequences. Yes, the bill passed with bipartisan support in the House Foreign Affairs Committee (42–2–1) after being introduced by Rep. Brian Mast. That makes it shared responsibility not smart policy. Bipartisan approval ≠ economic soundness. My point was never who voted for it, but what tool was chosen. Outright bans are a blunt form of IP control and historically accelerate domestic substitution on the other side. So no, I’m not calling the vote itself nonsense. I’m calling the idea that China revenue is now a “non issue” an oversimplification.

HelpAFellowKnight

Do you think there's a concern OpenAI, Anthropic, etc. will pull their models from open source development and completely lock it up as IP? I'm thinking of an Oracle Java situation, except at a more influential scale.

It-hurts-whenIP

It hurts when IP

FewFigure7435

RNS today looks positive : Highlights: ●Revenue slightly ahead of expectations resulted in positive EBITDA for the second half of the year after the very strong first half performance, with a solid contribution from both new releases and back catalogue ●Cash and cash equivalents at the end of December 2025 of over $4 million also slightly above expectations, broadly in line with the level at 30 June 2025 ●The pipeline for 2026 is strong and the Company continues to invest carefully in new IP ahead of high-potential releases 

that_70_show_fan

Broadcom has insane tech and IP. But they are a cancer to deal with. Their customer facing talent has insane churn, you rarely deal with the same person again.

tell-u-wut

I think Microsoft would acquire OpenAI before letting it die - they have too much IP and too strong of an AI research team (granted some folks would jump ship). Without violating our NDA, I’ll cautiously say that the partnership between MS & OAI is stronger than it probably seems on the surface.

tell-u-wut

Great insights. Claude code (opus 4.X) has been great for bigger arch. work and multi-file stuff, but gpt-5.2 Codex has been more useful for data science work lately IME. That said, LLMs for coding is <20% of what we use GenAI for in the f100 space. OpenAI’s “shoot first, ask questions later” development risk approach is a little cavalier, but from a pure technology standpoint and their gov & (new) Snowflake contracts, I can’t see them going under in the next 5 years. I could see an acquisition though for all that IP.

dr_tardyhands

Ah, that's very sweet. And I guess if the switch I owned broke of was doing a lot of lagging, I think I'd then buy one. There's just nothing wrong with the one I have and aren't a big fan of the Nintendo exclusives of today. Overall, I think the company has one of the strongest IP lineups of all time though.

EmpathyFabrication

LLMs assume that they don't hallucinate, but hallucination is a big stumbling block to developing LLM-based tools that analyze documents and data, and make mathematical and spreadsheet calculations. No one should believe anything that LLMs return from a prompt without rigorously checking its work. I'm also skeptical of general content generation and the effect of plagiarism and IP lawsuits over the content these things generate. We already know that AI companies stole IP to train these models, so it's not much of a stretch to expect copyright lawsuits later on when the AI products generate content based on the IP they were trained on.

cashflow_

u/OPINION_IS_UNPOPULAR this user is copying me again thats what i told him before. I take IP infringement very seriously please ban this user

FarrisAT

Interesting to see pricing fall 14%. With Novo cutting prices, and IP expiring, it’s gonna become the year of pricing for LLY and NVO.

TheSleepyTruth

It's interesting people have a raging hard on over Google despite it burning through 8B per month to feed the Gemini build out, but OpenAI burning 2B per month is considered a disasterously high capex and unsustainable. If large players like Microsoft and Nvidia are funding it, it's just as sustainable as Google's funding of Gemini, if not more since OpenAI is actually burning through significantly less cash than google is in Gemini... And even if OpenAI goes tits up, Microsoft will just buy the other 72% of the company at a fire sale discount and bring the proprietary IP in house.

hammertanker

IP for HBM and DRAM are held by the Big 3 (Samsung, SK Hynix and Micron) with extremely high barriers to entry.

Candid-Criticism-316

MSFT set up a chain of command and structure, ready to go, that would allow them to spin off a MSFT Europe that would be completely legally and infrastructure wise separate to MSFT. If something was to happen that would be drastic enough, like Greenland invasion, MSFT would split off part of its value in MSFT Europe which would be run by Europeans and have the necessary IP and Europe based infrastructure and staff to run independently of MSFT America. They’re the only ones who have done this, possible at the secret request of European leaders a year ago or so. None of the other tech companies matter as much as MSFT.

Tapiture-

I think they still have growth potential in at least two areas: gaming and live experiences. If they can use the new Warner IP to create some flywheel with gaming and other experiences in a compelling way I think there is potential for revenue growth.

Linkeq200

People have massive recency bias when it comes to stocks and companies these days. The fact is any single company can ultimately go under and it can happen relatively quickly. All of the tech stocks are relatively safe but are also relatively reliant on global adherence to patents and IP. If major players just choose to start ignoring those rules it can go back for anyone very quickly.

Retropixl

I don’t care about buzzwords I care about their IP fortress and financials

Unser_Giftzwerg

Oh, I meant hardware hardware, not just IP. You are right on IP though.

sfhester

For real. They either get a multiple hundred billion dollar payday when OpenAI IPOs, they get a massive bump in share valuation with a new private round, or they get to own the IP through 2032 if OpenAI goes away. Copilot and Foundry are already diversified via model selection and every OpenAI customer would need to become MSFT direct if they want model continuity in their products (think Snowflake signing a $200m deal with OpenAI). Not to mention Microsoft is already hedging by training it's own frontier models through MAI. Meanwhile Meta gets no flak for completely ducking up the metaverse and basically losing the frontier model battle. How many of ya'll are deploying Llama over Opus/Sonnet or GPT5.2?

ai-moderator

#TLDR --- **Ticker:** AIP **Direction:** Up **Prognosis:** Buy shares; chips are breaking into pieces and Arteris sells the glue. **The Thesis:** Moore's Law is hitting a wall, so everyone is moving to "Chiplets" (Lego-block chips). Arteris owns the "Nervous System" (NoC IP) that makes these disparate pieces talk to each other effectively. **Analogy:** If ARM is the brain of the chip, Arteris is the nervous system, and they are the "Switzerland" of the industry (neutral player compatible with everyone).

RedBrowning

The guy selling the shovels made the most money, not the lumberjack chopping wood for the shovels. Advanced technologies have specialized supply chains. You want to own unique IP. You dont want the overhead of MFG if you can avoid it.

GeoLogic23

It's a Turning Point Brands pouch company, so they are pretty close to the cannabis industry. I expect the big tobacco companies would love to include CBD/THC/CBG/terpenes/etc in their pouch products. Companies like Cannadips have been putting out those kind of products for a long time. Cannadips is an investment by Poseidon Asset Management, who made a lot of their money in the tobacco industry (early investors in PAX/JUUL). And Cannadips was run by an Altria guy from like 2020-2023, with Altria having been the one who bought JUUL. Before the Altria guy began running Cannadips they partnered with Lexaria Biosciences to use their DeHydraTech IP in their pouches. And of course Lexaria had gotten an investment by Altria the previous year. So Cannadips' primary investor, their CEO, and their IP partner all were connected to Altria. I'm sure all the tobacco companies have something lined up for cannabinoid pouches.

PhantomCummer

My friend had something similar happen. Downloaded reddit because I would occasionally show them interesting stuff or news I saw before it got to them and they got interested in it and made an account. Eventually they get banned from one of the big default news subs; they showed me the comment and it was literally just a link to a channel4 news article that was critical of Israel, and the article talked about a hospital bombing. They saw a comment on a seperate sub complaining about the mods of this particular news sub they were banned from, so they replied sharing what happened to them. That resulted in them being permabanned from that sub, as well as multiple other subs they never used. They decide fuck it and make a fresh account, eventually one of these other subs pops on their feed and they make a comment, not even realizing they were banned there on the old account, and they get Perma IP banned for evasion

No-Context-Orphan

Him creating xAI and using his role of Tesla CEO to funnel money, IP, and chip orders into his other company?

makken

I dabbled in this a few years ago, mostly in the VC space. Short answer is that there really is no single fool proof way to do it. At an early stage, most people I've talked to take a "scorecard" approach where they start with a median value based on the stage of the company, then essentially rate a company on several criteria and adjust the valuation up or down based on that. Some common criteria used are: 1. T**he strength of the team:** Do they have an experienced team in place? does the team have relevant industry experience / network connections? Does the founder have a track record of successfully starting companies? 2. **TAM/market opportunity:** How big is the TAM, SAM, SOM? is it a growing market? How will the company capture market share? Who is the beachhead customer and what traction has the company have with its customers (does it have existing customers already? working on any contracts or LOIs?) 3. **Competitive environment:** closely related to the market opportunity: How competitive is this market? are there a lot of players already and its a race to the bottom? is it a blue ocean? what are the barriers to entry? how is the startup differentiating or positioning itself? 4. **Product or Technology:** what stage is the company's product at? is it just an idea? do they have a prototype? or do they have a commercial product ready to scale? Does the product address a clear market need? what's the customer feedback on the product? is it defensible (IP/Patents/Copyright)? 5. **Capital needs/dilution risk:** What's the company's runway? is the business capex heavy (e.g., needing to build factories) or can it operate asset-lite (e.g., software). how many more rounds of funding do they need before they reach profitability? does the team have a plan and timeline in place to obtain that funding? Typically, people would use these ratings to adjust up or down the valuation based on the stage of the company. As an example, when I was looking at this, the median pre-money valuation of a seed-stage company was around $16M. If the company scored really well, investors may be willing to offer up to $20M for the company. As the company matures, more and more focus will get placed on the exit (what's the eventual goal of the company? to get acquired by a more established company? to private equity? to IPO?). Then you can look at comparable exit multiples. (e.g., when i was looking, SaaS companies typically get acquired at about 8-10x sales) I wouldn't bother even considering a DCF unless the company has several years of actual revenue and you can check the track record of how well the company projected revenue and expenses. Google scorecard valuation or berkus valuation if you're interested in this.

Beginning_Stay_9263

Modern Disney has become one giant HR department run by Karens and nebbish men. They take gold nuggets like Star Wars/Marvel IP and transmute them into turds.

dvdmovie1

" I believe it's a fairly recession proof industry" TTWO and EA were down about 60-70% in 2008. "I think however that valuations are rich and the sentiment that personally have toward the sector is shared by many others, American or not." I think there are concerns about the future of what major studio gaming looks like. IP is something but not everything. GTA VI will still do very well and TTWO is likely a buy if it gets closer to $200. On the flip side, look at what has happened to UbiSoft. I'd like another Far Cry game, we'll see if that happens. EA has gotten bought, Activision was bought by MSFT in 2023 and by 2025 the future of the XBOX was looking a little uncertain. I don't think what's left of the industry looks particularly good aside from TTWO.

BoxZealousideal2779

No money exchanged. Isn’t this pretty much just a SPAC? Khaby isn’t selling so much as he’s just taking his company and IP public. He can generate interest in this public company for others to purchase stock in and grow his equity much larger while cashing out non voting stock without diluting his ownership power.

GlokzDNB

Pretty bullish There are more gamers every year but it's just harder to win their attention. So if you hit it's big. My biggest position in portfolio is CDR and Witcher 4 is gonna be hit because it's such a good IP and CDR is I think best storytelling studio. Ive never felt better than playing through cyberpunk and building relationship with panam and stuff like crossing a man. And Witcher 3 was just dope. So much fun in that game and now we gonna play Ciri which can be really interesting as she's pretty much agile. CDR games are not just cheap enterteinment. They have core values just like Warner brothers had when making movies. Now with Netflix slop we can really appreciate effort artists take to do something great not just make a buck

Sekshual_Tyranosauce

How good are Indian IP protections? Enforcement? If I owned a business I would be very hesitant to host proprietary information on a foreign data center unless they had a strong track record of IP protection laws.

marlinspike

They’ve misfired hugely on Copilot, and Claude Cowork, Claude in Excel and Claude Code are basically what copilot should have been. There’s 3.3% uptake of Copilot in M365 customers and it’s plain to see why. Copilot can’t even find email let along search across doc types and compose a new doc. This is something that Claude, Gemini and ChatGPT readily do with the GMail connection or the Microsoft Graph connection. The problem is Microsoft’s culture. It’s technically light and very fat on non-tech and long-timers who are complacent on fat/happy on M365 revenue. The pace of AI is already too fast and the engineering depth to innovate at pace and in depth is too great for Microsoft to keep up with. That’s not to say the house of cards falls immediately, but it’s inevitable. Claude in Excel is exactly a case in point. It is easily in Microsoft’s wheelhouse but MAI (Microsoft AI), has produced zero products that are noteworthy, zero models or systems that elevate tooling, but tons of marketing slop about how SaaS is dead and agents are the new databases. Zero action on that. What they did, was produce Mico the amazingly even more annoying Clippy. FF to now: hardware spend is up, revenue recoup on that is down and worribgly Google’s nipping at their heels and taking customers on Gemini and GCP. Microsoft doesn’t have the products or data or engineering talent or culture organically to compete with Google, let alone Anthropic. OAI is the only bet and that’s hemorrhaging money and MSFT has IP for the next 6 years, and then it’s a big ?. I don’t know if OAI has runway for the next 6 years but if it does, it will be on cleaving huge market from Microsoft. Microsoft has escaped the big company guillotine a few times, because Windows and M365 bailed it out. That’s no longer the case, and in the last 40 years it’s become a technically weaker and sloppy/fat company with way too many layers of useless middle management. Satya is rightly credited with pivoting to Azure and making the initial bet on OpenAI, but I think the pace of innovation and the inability to keep up is finally catching up. The only way forward is to be like Amazon and cut away the M365-driven fat in its workforce and that will run against the culture. I think the clock is ticking for Microsoft and it’s finally running out of hat tricks to elude the grim reaper of S&P5 companies. 

PermissionSilver4259

I agree with all your points except, “I see too many concern's related to IP for anyone except retail and very small Indie teams, 1-2 people, to utilize this effectively.” Entertainment companies have showed time and time again at this point they are willing to pimp out their IP as they buy the story of AI.

Dink-Floyd

They have enough contracts with private companies and edu to keep them from becoming completely irrelevant. if things get bad enough, their IP will get bought out by Microsoft and Amazon. They spent a gigantic amount of money acquiring data to train their models, and add in the user/chat data, theirs value there.

Almost_Irish

I can see value in ideation and pitching concepts, just at what cost is the question. We will have to see a product roll-out before assessing value for crowdfunding. I can see a scenario where Google IP and copyright claims make using this for crowd funding a nightmare.

avilacjf

Completely agree. I think this is a non-trivial aspect of the WBD acquisition too. The IP has growth potential in a world of generative media. The algorithms that they use to identify what shows/microgenres are likely to succeed also give them an edge in a world flooded with AI media. Their hit rate will be better and their recommendation engine can keep the curation side of the user experience dialed in as well. Similar thesis for Warner Music Group imo. We know AI can reliably improve through RLHF and the main downside is that the accuracy and reliability drift, but with aesthetic media like music RLHF can scale basically infinitely. The large catalog of artists allows for music directly inspired by existing artists as well as fine-tuning models on the highest quality content without fear of IP breaches.

Almost_Irish

I can die on this hill, reaction to this news is OVER-HYPED! \- Only a small minority of people care about "interacting" in a infinite playable world. We found this out in No Mans Sky. Gameplay is key, world building needs to be exactly on point or pure utility. \- I see too many concern's related to IP for anyone except retail and very small Indie teams, 1-2 people, to utilize this effectively. \- Google isn't positioned to use this internally, so would be heavily dependent on B2B and retail sales for cash flows \- I don't see large sales from this to cover the cost of running this service, e.g. most retail uses current AI LLMs for tasks as simple as what is 5\*12. This needed to come from Microsoft. Imagine producing this tool internally for Bethesda and having the next Elder Scrolls like this with generative NPC creation. The only real competition I see as valid is maybe Roblox, but that is a big maybe.

bluuuuurn

So it's a demo. That becomes unstable after barely a minute of playtime. Running on massively expensive hardware. Built on top of other companies' IP that they'll be sued for using. Bought the dip on Unity.

Retropixl

Sears failed for a multitude of other reasons not just because of the internet. Also what exactly is this technology going to change for companies who have stringent rule over their IP? This will just turn something like Roblox into even more of a garbage generator. Anybody that plays legitimate games aren’t going to want anything to do with this.

DerTagestrinker

Adobes Firefly IP-free AI generation tool is getting enterprise money. And they are a leader in digital site management software (CDP, AEP, etc). However their biggest product is the Photoshop suite and that is facing existential risk.

Retropixl

Nintendo being down 5% is the only thing I care about from this. I think it’s a great buying opportunity, nobody is replacing their IP with this crap. Roblox can die in a fire and unity is terrible though.

Amyndris

Because investors dont care. Let's say Company A is investing right now for a big boom in 5 years. Company B is stripmining their IP to maximize revenue right now. The smart investor will invest in Company B now, sell, then invest in Company A in 4 years. So yeah, we bascially inventivise that behavior.  

Aggravating_Sir_4709

This sounds like a bot comment. China is absolutely a threat. They've been taking over trade routes, establishing toxic finance loans in poor corrupt countries to take territory, still have modern day slavery, overfishing in places they shouldn't be. Along with financing NK, Russia and Iran. The people on reddit that support pro-China politicians are asking for the demise of their own nation. Literal traitors. China used trade as leverage heavily during Covid too, continuously steal IP, and will stop critical item shipments to nations that don't submit to their requests.

Icy-Tea-2954

Need to add the SIM IP spinoff to your DD,, but agreed very interesting opportunity.

Zealousideal_Cow_341

If it’s a small cap stock being cued for core IP copyright infringement of something like that it can absolutely hit the stock hard

bartturner

Maybe Microsoft was just betting on OpenAI not being viable in 2032 and they end up with the IP.

16semesters

Aside from IP, what would be the moat for a current game developer, if things like game play, dialogue etc can all be reliably generative?

Unser_Giftzwerg

I like Synopsys right now. It's still pretty expensive at the moment but there's a path to $600 by the end of the year. We just need to see good progress on the Ansys integration too. Intel's 18A progress is also good news for SNPS because they rely heavily on SNPS IP to make that happen.

16semesters

> No matter how great the generative AI become, it would probably be easier, cheaper, less time consuming and less frustrating to buy a game from a professional developer than trying to create an AAA games yourself Some people might DIY through prompts, some may play premade games that are made with AI. But the application of AI will make pretty much all traditional gaming companies lose their moat unless they have some protectable IP.

ElectricalGene6146

MSFT has a perpetual free license to use OAI’s IP. Not so sure about that

volckerwasright

SLV baggie google Shanghais premium and thank me later. U have 48 hours to fly to China and sell ur shares with Chinese IP address

repostit_

Models, IP and employees.