Google To Defend Its AI Technology Against Patent Infringement Claims In A $7B Lawsuit
Portfolio Pulse from Benzinga Neuro
Alphabet Inc's Google is set to defend against a $7 billion patent infringement lawsuit brought by Singular Computing in Boston. The case alleges that Google's Tensor Processing Units, key to its AI technology, infringe on patents held by computer scientist Joseph Bates. The trial, which could result in the largest patent infringement award in U.S. history, is expected to last two to three weeks. This lawsuit is significant as Google has been heavily investing in AI, including a recent investment in AI startup Anthropic and the launch of its powerful AI model, Gemini AI.
January 09, 2024 | 1:40 pm
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Alphabet Inc's Google is embroiled in a major legal battle over alleged AI patent infringement, with a potential $7 billion in damages at stake.
The commencement of a high-profile patent infringement trial with a claim for damages up to $7 billion is likely to create uncertainty around Alphabet Inc's stock in the short term. Legal disputes of this magnitude can lead to market volatility for the involved company's stock, as investors may react to the potential financial impact and the implications for Google's AI technology and products.
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