SCOTUS limits patents on software technology - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

SCOTUS limits patents on software technology

Posted: Updated:
The U.S. Supreme Court ruled on limiting patents of software technology on Thursday. (Source: CNN) The U.S. Supreme Court ruled on limiting patents of software technology on Thursday. (Source: CNN)

WASHINGTON, DC (CNN) – The Supreme Court reached a decision Thursday on a technology dispute that's captured the attention of industry giants like Google, Facebook and IBM.

The justices ruled unanimously against an Australian company that wanted exclusive intellectual property for "Inventco," a computerized system for working with financial instruments, like derivatives.

The court said simply putting an idea into a computer system, like investment trading, does not add anything new to that idea, and therefore doesn't deserve intellectual property protection.

The standard underlying Thursday's decision is that software must make a tangible improvement in how a computer works, beyond its routine functions.

Getting a patent on computer-based innovations has become big business. Only about 2,000 were approved in 1980, there are currently more than 40,000.

Copyright 2014 CNN. All rights reserved.

Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.