Definition

NO FAKES Act

Nurture Originals, Foster Art, and Keep Entertainment Safe Act. Would create a federal property right in an individual's voice and visual likeness, replacing the current patchwork of state right of publicity laws. Advanced unanimously out of Senate Judiciary on 18 June 2026. Not yet law.

From the episode “8.3 Billion Faces, Zero Infrastructure: The AI Likeness Market Nobody Is Serving”

Hear it on the podcast1 episode

Learn the language of AI-native founders

Every week: the new terms, tools, and workflows founders are using, straight from the podcast.

Related terms in Finance & Markets

Mobility HubsThe emerging repurposing of underutilized structured parking garages into multi-use urban logistics infrastructure. Post-COVID, structured parking in tier-1 and tier-2 cities dropped from 75–80% occupancy to roughly 40%. CJ Follini's investment thesis: ground floors and mid-levels become micro-fulfillment centers (Amazon/Walmart lockers, cold storage for artisanal grocers who need 2,000 sq ft of refrigerated space but can't afford million-square-foot regional facilities), while rooftops become landing pads for eVTOL (electric vertical takeoff and landing) air taxis — with companies like Joby and Archer actively scouting structured parking rooftops. The first commercial urban eVTOL flights are expected in Q4 2026. Mobility hubs convert a depreciating asset into layered logistics infrastructure at the center of last-mile distribution.Modern Portfolio Theory (MPT)Harry Markowitz's Nobel Prize-winning framework for constructing portfolios that maximize expected return for a given level of risk by combining assets with low or negative return correlations. Popularized for institutional investors by David Swensen at Yale, whose endowment achieved #1 performance for 20 consecutive years by diversifying heavily into alternative assets (real estate, private equity, natural resources) rather than concentrating in public equities and bonds. CJ Follini spent 35 years applying MPT principles for ultra-high-net-worth families and is now embedding the same framework into Noyack's Profit AI portfolio optimization agent for individual investors.MSOManagement services organization, an entity that handles non-clinical operations for providers.Net 90Payment terms giving the buyer 90 days to pay.NOINet operating income, the bottom-line number Grotto ties its results to.Non-Provisional PatentThe formal patent application that initiates examination at the USPTO and, if approved, results in a granted patent with up to 20 years of exclusivity. Requires formal claims (the legal boundaries of the invention), patent drawings, and a detailed specification. Industry average cost to draft and file with an attorney: $10,000–$15,000. Enters a back-and-forth examination process with a USPTO patent examiner that can include multiple office actions requiring paid attorney responses. SenseIP handles non-provisional drafting, filing, and prosecution (examination responses) for $5,000, inclusive of the entire cycle.O-1 Visa (Extraordinary Ability)A US nonimmigrant visa originally designed for Nobel Prize-level talent, broadened over time to include entrepreneurs, athletes, and others with documented extraordinary achievement in their field. Cy qualified through the Caribou acquisition by Mattel and the Apple iPad Air 2 keynote feature. The irony: being rejected from every graduate job in the UK was the precondition for being eligible — without that rejection, he would never have started the company.Online dispute resolution (ODR)Resolving disputes through digital platforms instead of in person.