Feeds

Obama says patent trolls 'extort money', pledges reform

Presidential hangout touches on open internet, teaching kids to code

  • alert
  • submit to reddit

Security for virtualized datacentres

US President Barack Obama has used a “Fireside Hangout”, captured on YouTube, to label patent trolls as leeches who extort money from their victims.

Asked about the potential for patent trolls to hamper innovation, Obama said his administration's attempts at patent reform “only went about half way to where we need to go” and have not “captured all the problems”.

Among those problems are patent trolls, who “do not produce anything themselves” and are “trying to leverage and hijack someone else's idea and see if they can extort some money out of them.”

Changing laws to address this won't be simple, he said, as new legislation will need to balance the need for IP protection that encourages innovation. The President therefore said “we need to pull together additional stakeholders and see if we can build additional consensus on smarter patent laws.”

Obama also said he hopes to “ensure the internet stays open” so that entrepreneurs can enjoy low barriers to entry.

Elsewhere in the 47-minute chat, Obama revealed he has spoken with Mark Zuckerberg about the role of computers in schools and emerged agreeing with the Facebook CEO that it makes sense for kids to learn programming.

“I want to make sure they know how to actually produce stuff using computers, and not just consume stuff,” Obama said. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.