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The 21st Century ROAD to Unlocking Community Bank Growth
September 17, 2026
Introduction: Artificial Intelligence (AI) has emerged as a transformative force across many industries, revolutionizing the way we live, work, and interact. As AI technologies continue to evolve, the question of intellectual property protection becomes increasingly significant. Patents play a crucial role in safeguarding AI inventions and encouraging innovation in this rapidly advancing field. It is key to know that AI inventions have been examined and issued as U.S. patents for many years. In this advisory, we will explore the challenges and considerations involved in patenting AI inventions and highlight the key factors that innovators need to understand.
(For additional information regarding the interplay between AI and copyright law, I suggest Locke Lord’s previous discussion on the topic.)
Understanding AI and Patentability: AI refers to the simulation of human intelligence in machines that are programmed to learn, reason, and make decisions. It encompasses a wide range of technologies, including machine learning (supervised and unsupervised), neural networks, natural language processing, and Large Language Models (LLMs). From autonomous vehicles to medical diagnostics and predictive analytics, AI has broad applications extending across numerous diverse sectors such as from shipping logistics to financial/banking/insurance applications.
Benefits of Obtaining AI Patents: Companies can validate the uniqueness of their innovation. For instance, if they file a patent application in the United States Patent Office, they may use “patent pending” in marketing campaigns highlighting the valuable proprietary nature of their products/services. Patents also signify business growth and innovation, which is important to strategic partners and investors. Of significance, patents fortify a company’s innovative technology from being copied by competitors, often presenting entry barriers to its competitors, thus providing substantial income and ROI opportunities.
Patent Qualification: To qualify for patent protection, an AI invention must meet certain criteria. First and foremost, it must be novel (meaning it should not have been publicly disclosed or patented before the filing date) and it must be made by a human inventor. Additionally, the invention must involve an inventive step, meaning it must not be obvious to a person skilled in the relevant field of technology.
Considerations for Patenting AI Inventions
Keys to Successfully Drafting AI Patent Applications
[1]For more information on intellectual property protections for AI, see, Kenedy, J.A. & Rutledge, J. (April 12, 2023) Locke Lord QuickStudy: Generative AI and Intellectual Property: Whether the Wild West or the Matrix, It is the (Latest) New Frontier.
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Speaking Engagements
The 21st Century ROAD to Unlocking Community Bank Growth
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