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quote: This is a good reminder that AI infrastructure competes on a very different kind of moat. In payments, patents can protect a technical advantage for years. In AI, that advantage can disappear with the next paper, model release, or breakthrough from a competitor. The companies that endure will not be built around a single patented method. They will own the proprietary data, feedback loops, distribution, and infrastructure that become more valuable as the models underneath them improve. | $CRCL is acquiring $IBM blockchain patent portfolio adding nearly 1,000 issued patents across more than 680 patent families worldwide. The deal significantly expands Circle’s intellectual property base as it builds out its stablecoin and payments infrastructure.
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