Ascend Innovation Divestiture of AI-CORE Assets Revealed

March 29, 2024

RPX recently covered the new litigation filed by Byteweavr, LLC, an Ascend Innovation Management, LLC plaintiff, over former Intellectual Ventures LLC (IV) patents received from Ascend Innovation cousin AI-CORE TECHNOLOGIES, LLC in February. As reflected in assignment records recently made public, AI-CORE actually moved the bulk of the 145 patent assets that it received from IV last October to another monetization enterprise for apparent assertion; this immediate October 2023 divestiture is not the first to follow that path, from IV to Ascend to an unrelated (likely) plaintiff.

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