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Xiaomi to Fight Patent Dispute Against Coolpad

The lawsuit comes at a time when Xiaomi has officially filed for an IPO in Hong Kong that aims to raise $10 billion in a sale that may value the company at $100 billion.

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The complaint alleged that Xiaomi had used the patents without any license from Yulong.
Xiaomi to fight patent disput against Coolpad, wikimedia commons

As it prepares to file an initial public offering (IPO) in Hong Kong, Xiaomi has been named in a patent dispute in China by its rival Coolpad for three successful smartphone models — Mi Mix 2, Redmi Note 5 and Redmi 5 Plus.

In a regulatory filing, Hong Kong-listed Coolpad’s Yulong unit has initiated a patent infringement case against Xiaomi with the Jiangsu Province Nanjing Intermediate People’s Court, the South China Morning Post reported on Friday.

“Beijing-based Xiaomi has requested the Patent Re-examination Board, under China’s State Intellectual Property Office (SIPO), to invalidate three patent rights that Coolpad had claimed were infringed by the world’s fourth-largest smartphone supplier,” the report added.

The complaint alleged that Xiaomi had used the patents without any license from Yulong.

Coolpad also requested the court to order Xiaomi to pay “for the economic loss suffered” by Yulong and all litigation expenses.

According to a Xiaomi statement, it was made aware of the Yulong lawsuit after Coolpad filed a motion before the Shenzhen Intermediate People’s Court regarding the alleged patent infringements.

The lawsuit comes at a time when Xiaomi has officially filed for an IPO in Hong Kong that aims to raise $10 billion in a sale that may value the company at $100 billion.

At $10 billion, Xiaomi’s IPO would also be the 15th biggest of all time, or the fourth-largest in Hong Kong.

The complaint alleged that Xiaomi had used the patents without any license from Yulong.
CoolPad logo, wikimedia commons

According to the regulatory filing with the Hong Kong stock exchange, Xiaomi also reported a revenue of $18 billion and a gross profit of $2.3 billion in 2017.

The company is currently at the fourth position in the smartphone market globally, behind Samsung, Apple and Huawei.

In the first quarter of 2018, Xiaomi with over 51 per cent growth was at fifth spot in China, Counterpoint Research reported. Xiaomi was the fastest growing brand in China during the quarter.

Also Read: New Study Shows That Binaries From Globular Clusters Can be Detected by LISA

On the other hand, Coolpad is set to make a comeback with a new line-up of smartphones and accessories for the Indian market.

In January, the Shenzhen-based handset maker bid adieu to its financially-troubled Chinese partner LeEco.

It later announced a fresh investment of $300 million from Power Sun Ventures, a family trust. Chinese property mogul Chen Hua, Founder, and Head of the Kingkey Group, is leading the new investment through Power Sun Ventures. (IANS)

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Restricting AI Research with China Harmful: Microsoft CEO Satya Nadella

If those tariffs are implemented, virtually all Chinese imports would be subject to punitive taxes

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China is a leading force in Artificial Intelligence (AI) technology and blocking AI research with the country will do more harm than good for humanity, Microsoft CEO Satya Nadella said.

In an interview with the BBC, Nadella said that despite national security concerns, backing out of China would “hurt more” than it solved.

“A lot of AI research happens in the open and the world benefits from knowledge being open,” he said.

Quoting Microsoft President Brad Smith, Nadella said: “We know any technology can be a tool or a weapon. The question is, how do you ensure that these weapons don’t get created? I think there are multiple mechanisms.”

Microsoft Research Asia, the company’s fundamental research arm in the Asia Pacific region, was founded in Beijing in November 1998.

The media reported in April alleged that Microsoft has been collaborating with researchers linked to a Chinese military-backed university on AI. The research covered several AI topics, such as face analysis and machine reading.

Microsoft defended the research, saying that it was part of a worldwide effort by its scientists “to work with their international counterparts on cutting-edge technology issues”, reported the Financial Times.

Microsoft
Microsoft doesn’t use customers’ data for profit: Satya Nadella. (Wikimedia Commons)

According to Nadella, they have control on who gets to use their technology.

“And we do have principles. Beyond how we build it, how people use it is something that we control through Terms of Use. And we are constantly evolving the terms of use,” he added.

The International Monetary Fund has said that the trade war between the US and China was triggering a global economic slowdown.

On September 1, the US followed through on plans to impose a 15 per cent tariff on certain Chinese consumer-goods imports including apparel, electronics, footwear and dairy products, that were valued at around $112 billion in 2018.

Those tariffs were in addition to 25 per cent tariffs on $250 billion worth of Chinese imports that began to be imposed on July 2018.

Also Read: iPhone 11 Pro: Seamless Productivity with Creativity (Tech Review)

US President Donald Trump’s administration said that it would wait until December 15 to impose tariffs, now set at 15 per cent, on certain mass-consumption products imported from China, including smartphones, laptops, video games and toys.

If those tariffs are implemented, virtually all Chinese imports would be subject to punitive taxes. (IANS)