The Ewing Marion Kauffman Foundation along with the Information Technology and Innovation Foundation released its annual rankings of states best equipped to compete in an innovation-based world economy.

At the seventh annual Creative World Forum, four prominent figures in the energy industry discussed how the U.S can forge ahead as a leader in energy innovation, while also promoting new sources such as gas, solar and biofuels.

As part of the tech company's ongoing efforts to boost computer innovation worldwide, Intel has announced it will invest $77 million through 18 new investments. The deals span 11 different countries including Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United States.

Growing fears that China may surpass the United States in innovative technologies, especially renewable energy, are grounded in legitimate facts. For one, Chinese patent filings are expected to eclipse the United States by the end of next year, according to Reuters, and the country has already become the second largest contributor to international science journals.

China's recent emergence as a preeminent innovator in the science and technology sectors has come as a bit of a sting to many of the world's top economies and innovative powers.

To add to the intensifying battle between U.S. phone manufacturers for control of the smartphone market, Motorola is counter-suing Microsoft, alleging the tech company's personal computer, server, mobile phone and Xbox products infringe on 16 different Motorola patents.

The U.S. Patent and Trademark Office announced Wednesday it is extending a green technology incentive program aimed at spurring continued innovation in the renewable energy industry.

In an effort to expand its global operations, General Electric has announced plans to invest $2 billion to promote innovation, entrepreneurship and partner development in China.

As an effort to boost small business growth and innovation in the emerging London tech industry, the United Kingdom has announced the beginning of a large-scale review of intellectual property and copyright laws.

In response to recent reports on internet neutrality put forth by the Federal Communications Commission, the Internet Innovation Alliance - a business and nonprofit coalition advocating open broadband access - released a statement pleading the FCC and the U.S. government to adopt necessary measures to ensure the continuation of widespread unbiased internet service.