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by praveen9920
424 days ago
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Patents are mostly theoretical.. they are done by researchers in companies. Companies consider them as assets and holds them which sometimes increases valuation of company itself. This does not mean they want to spend money into building that may not bring them business in near future. Best example is car companies. I heard from one of the employee that they already have research and patents to build more efficient cars but the production of those are delayed for getting the value for the research done. |
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Not really, one often needs to prove how the innovation works even if algorithmic (for example a gene sequence identifying itself was justifiable for many companies, and proved they weren't making stuff up.)
Patents sound vague on purpose, but I assure you real money and mountains of expensive studies were done prior to publishing any claims. =3