The Five Eyes intelligence alliance meets for the first time in Silicon Valley. China’s increasing theft of intellectual property worries them.
Why is this important?Protection of intellectual property rights is important for companies. It stimulates innovation and creativity and ensures that inventors have their ideas and work protected. If a competitor can simply copy this, companies that still invest in research and development will lose out.
In the message: According to the head of the FBI, the investigation into China tries to steal intellectual property “every 12 hours”.
“There’s a common thread in every conversation about protecting innovation… and that’s the Chinese government.” So he quotes Financial Times Christopher Wray, a high-ranking FBI official.
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