The Rise of Corporate Science in AI Flashcards
AI is considered a general purpose technology. What does this mean?
it is a technology that impacts many sectors and industries and spurs innovations
Why is scientific research a public good?
it is valuable to the overall economy
Why is research profitable for firms?
They can use it as input for innovations and have FM advantage. They can also develop the absorptive capacity needed to exploit the knowledge
What does absorptive capacity mean?
the ability to recognize, assimilate, and apply the external knowledge.
What is the benefit of publishing for companies?
it can also help recruit new scientific staff and can serve as a signal to other companies. The revealed knowledge can also increase the compatibility of future knowledge with other companies.
What does the best open-source strategy do?
uses patents to prevent patenting by third parties, provide bargaining chips in cross-licensing, and to enable the threat of retaliation in infringement litigation
What are the advantages of open-source?
external development support, standardisation, and indirect profit.
Why has scientific activity in firms declined?
There is better access to external knowledge, there is more short-termism, and the science bacame less relevant for innovations in many fields.
Which kind of publications have a higher value for commercial applications?
Corporate publications
