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The Chinese digital platform giants – Baidu, Alibaba and Tencent – have quickly risen to be amongst the most notable developers and users of artificial intelligence. One important catalyst for this development has been the so-called Platform Business Group (PBG) strategy used by Chinese...
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The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary … and either increases spillovers in development or decreases the degree of product differentiation, patent pools can … why patent pools are uncommon in science-based industries such as biotech and pharmaceuticals that are characterized by …
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