Specifically, he castigated patent trolls. They don’t actually produce anything, but are “just trying to essentially leverage and hijack somebody else’s idea and see if they can extort some money out of them.”
He called on Congress to pass additional patent reform legislation. The AIA “only went about halfway to where we need to go.” He called for involvement from more stakeholders to build consensus on “smarter” patent laws.
The president also addressed internet issues such as privacy and civil liberties and also called for high schools to become more “high tech.” He did recognize the need for IP laws to promote innovation.