Billionaire investor Mark Cuban blasted a Commerce Department plan under discussion to charge patent holders a percentage of their patent value, calling it "one of the dumbest ideas in the history of business."
What Happened: In a post on X reacting to a Wall Street Journal report that officials are weighing a new levy of 1% to 5% of a patent's overall value, Cuban added, "The crazy part is that fewer patents will be filed as inventors try to protect their creations from LLMs."
