Tech & Sourcing @ Morgan Lewis

Please join us on June 26, 2023 at 11:00 am–12:00 pm ET as Morgan Lewis partners Mike Pierides and Peter M. Watt-Morse examine highlights from our Tech & Sourcing @ Morgan Lewis blog as part of our Technology Marathon 2023 webinar series. In this webinar, the presenters will specifically discuss new developments in the understanding and contracting of artificial intelligence (AI) agreements.

As cybersecurity breaches remain a common threat globally, the UK government has published a cybersecurity breach survey detailing various cybersecurity policies, processes, and reliances for all types of business.

Please join us on June 20, 2023 at 11:30 am – 12:30 pm ET as Morgan Lewis partners Pulina Whitaker, Chris Warren-Smith, Alexander Bailly, and Ezra D. Church discuss recent collective action trends relating to privacy and cybersecurity through UK and EU perspectives for US companies.

The United Kingdom published a roadmap detailing its goal of becoming a technological superpower by 2030 through the use of its new International Technology Strategy and opening of the Technology Centre of Expertise. The Foreign Secretary and the Science, Innovation and Technology Secretary have stated goals of strengthening the UK’s international connections and collaboration in order to build on the UK’s strengths in the technology sector during this new strategy’s launch.

In our prior post in this two-part series on less commonly discussed technology commercialization options, we addressed how open-source software (OSS) providers may make money on their products. In this Part 2, we’ll look at another technology commercialization strategy, white labeling.

As part of our Spotlight series, we invited litigation partners Dana E. Becker (Philadelphia), Shon Lo (Chicago), and Krista Vink Venegas, Ph.D. (Chicago), to talk about recent trends and issues in IP-related and other commercial litigation that would be of particular interest to our readers. Dana, Shon, and Krista are deeply knowledgeable practitioners in the IP and commercial contracts space who handle a broad spectrum of leading-edge and high-profile litigation for our clients.

When the topic of technology commercialization strategies comes up, the most common options typically mentioned include the sale of a technology or building a business around technology by selling products or providing licenses or subscriptions to technology-based solutions.

Despite global shocks and forecasts of a global recession, economies in the Middle East showed "extraordinarily fast" growth in 2022, according to the World Bank. The countries of the Gulf Cooperation Council (GCC)—the United Arab Emirates, Saudi Arabia, Oman, Qatar, Kuwait, and Bahrain—all show commitment to further growth and place great value on diversification of their historically oil and gas dominated economies, with digital transformation, artificial intelligence, robotics, cloud-first, and emerging technologies at the core of their strategic development.

The UK government introduced its Digital Markets, Competition and Consumers Bill to Parliament for approval on April 25, 2023. The bill establishes a “pro-competition framework” for digital markets, specifically targeting a small number of tech firms with significant market power that will receive a “Strategic Market Status” (SMS) designation.

A recently released Business Process Outsourcing (BPO) Market report indicates significant continued growth in the BPO sector over the next decade. The results of the study on which the report is based show an expected growth from the 2022 market of $245.9 billion to $544.8 billion in 2032, an 8.5% compound annual growth rate (CAGR).