USPTO announces $2.9bn funding round for USPTS research and development

RTE 12-21-17 12:10 UKT The USPT (US Patent and Trademark Office) has announced it has raised $2bn in a new round of funding.

The funding comes in response to a $1.7bn funding campaign in 2016.USPTO chief scientist Dr Paul Gildernew said the funding round will enable the company to focus on “a number of strategic areas in the areas of high performance computing and cloud computing”.

“This funding will provide us with additional resources to accelerate our progress in the area of high-performance computing,” he said.

“We are also excited to announce that our leading partner, Google Cloud, has joined the team to work with us on our cloud-based applications, which will help us continue to accelerate the pace of our development of next-generation cloud computing solutions.”

Dr Gildrenew said he is confident the funding will lead to new developments in the field.

“I am particularly proud to announce the USPTA will be continuing its work in this area,” he added.

“Our team has achieved significant milestones over the past several years, which have enabled us to build upon these and accelerate the adoption of cloud-class technology.”USPTS is a US patent and trademark office that has been in operation since 2002. 

The USPST has an extensive patent portfolio and is the largest in the world, with more than 1,300 patents.

The company has received $2 billion in funding over the last five years. 

Dr Gauldenew said that this funding will allow the company and its partners to further accelerate the speed of our progress on the field of high speed computing.

“This new funding will support USPTH to continue our development and deployment of cloud computing technologies,” he continued.

“In the future, our cloud applications will be built on a number of platforms, including Microsoft Azure, Google Compute Engine, Amazon AWS, Google Container Engine, IBM Cloud, IBM X-Gene and IBM SmartCloud.”

These new technologies will enable us to deliver more efficient, scalable, and cost-effective cloud computing services to consumers and businesses, as well as drive growth in the cloud-enabled technology space.”USPs focus on cloud computingThe USPs focus has been on high performance computers.

In a recent interview with the BBC, Dr Gildenew revealed the company was aiming to produce “the fastest supercomputers in the business”.”

We’re going to go beyond that and actually bring down the speed barrier and make it competitive,” he told the BBC.”

That’s not just a matter of making a machine faster, it’s about making it faster than the competitors.

“The key is that it’s going to be a lot more efficient than the competition, it’ll be cheaper than the industry, it will be faster than us, and we’re not going to have to invest a lot of money to do that.”

It will be the fastest supercomputer in the industry.

“Dr Mark Houghton, USPTC’s chief operating officer, said the company had been “very excited to have a new funding round” and “very happy to see that we have the funding to continue on with our work in the future”.”

The pace of innovation at USPTR has increased over the years and we are very excited to be continuing this momentum,” he noted.”

As we enter the next phase of the global computing renaissance, the pace at which we can innovate and deliver solutions to consumers, businesses and the public will be vital to us achieving our goal of bringing faster, more efficient computing to consumers around the world.” 

USPTA is expected to make its public announcement in the coming weeks.

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