Why Companies Miss 95% of Their Inventions
1 hr 4 min
Austin Walters saw the AI boom coming as an inventor on more than 650 patents. Now the IP Copilot founder explains how companies lose most of what their engineers invent. He spent two years at a major patent filer before anyone told him there was a patent program, built a large language model before transformers, and wrote a 2018 blog post saying "it's over." He sells software to in-house patent teams, yet predicts that companies will end up with in-house or outside counsel but not both, and says they're missing 95% of their inventions. Host Eli Mazour pushes back on where AI drafting is headed. Clause 8 is brought to you by: IP Copilot (https://ipcopilot.ai/) - Discover, manage, and protect your IP. Junior (https://docs.junior.law) - Your legal team's documents, drafted in your team's style. Listen to the full conversation at VoiceOfIP.com Chapters 00:00:00 Introduction 00:01:24 From Researcher to Prolific Inventor 00:06:17 Why Patent Programs Miss Most Ideas 00:10:18 The Origin of IP Copilot 00:17:10 Disclosures and Engaging Busy Inventors 00:21:01 Patents Versus Trade Secrets 00:22:48 AI Drafting and the Future of Patent Work 00:28:21 AI at the USPTO 00:29:44 Guardrails, Workflows, and Smaller Models 00:37:22 Evaluating AI Tools 00:40:27 Where AI Is Heading 00:46:57 The IP Function Inside Companies 00:50:02 Prior Art, Customer Success, and Review Committees 00:58:06 Advice and a Look Ahead to 2030 This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.voiceofip.com