Samsung Opens Five-Story Innovation Museum in South Korea

Samsung opened its Samsung Innovation Museum at the company’s headquarters in South Korea this month. The museum features some of the most iconic inventions of the modern era, including Samsung TVs, smartphones and semiconductors. The creation of the museum is an effort by Samsung to escape its image as a “fast follower,” and showcase itself as an innovator. The five-story museum occupies about 118,000 square feet. It comes as Samsung goes up against Apple again in patent court.  Continue reading Samsung Opens Five-Story Innovation Museum in South Korea

House Passes Innovation Act: Enough to Save Patent System?

The U.S. House of Representatives passed the Innovation Act yesterday, a bill that intends to help reform the troubled American patent system. The bill, which passed by a vote of 325-91 with bipartisan support, will now go to the Senate (where it expects to pass), and then to the White House. Supporters hope the bill will save the current patent system plagued by low-quality patents and trolls, while others suggest it is merely a small solution for a much bigger problem. Continue reading House Passes Innovation Act: Enough to Save Patent System?

Amazon Set-Top Box Launch Likely Delayed Past the Holidays

Amazon is the largest online retailer, bookstore, and Web hosting company in the world — among other things — and now it’s rushing the production of its newest device, a set-top box intended to compete with online video streaming devices for television such as Roku. But despite its efforts to get the new product out on shelves in time for the holiday shopping season, the device will now likely be delayed past then, missing out on potential holiday sales. Continue reading Amazon Set-Top Box Launch Likely Delayed Past the Holidays

Obama Administration Vetoes ITC Ban on iPhones and iPads

In a rare move this weekend, the Obama administration vetoed the International Trade Commission’s ban on the import and sale of certain Apple iPhones and iPads. U.S. Trade Representative Michael Froman cited concerns regarding patent holders gaining “undue leverage.” He also noted the potential harm to consumers and competition in the economy. The veto reverses a legal victory for rival Samsung, although Froman said the company can continue to enforce its patents through the courts. Continue reading Obama Administration Vetoes ITC Ban on iPhones and iPads

General Electric Licenses Patents to Quirky Community

On Wednesday, General Electric announced a partnership with Quirky, a New York-based startup that acts as a kind of social network for inventors. This makes sense for GE as it continues making its push into the so-called Internet of Things, which encompasses various types of devices connected to the Internet – all of which combine to create a constant stream of data regarding how they operate together. Continue reading General Electric Licenses Patents to Quirky Community