The decline of industrial research and the importance of funding for academic research

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The discussion highlights the downward trend in funding for industrial research labs, particularly in the tech sector, and the shift towards more immediate product-related research outputs. Historically, companies like Bell Labs and Xerox PARC emphasized long-term exploratory research, which has diminished in favor of projects with obvious short-term ROI. This has critical implications for the types of innovations that can emerge from academia and industry, as a focus on guaranteed returns discourages exploratory and speculative research efforts. Commenters express a worry that without sufficient funding and support, the cycle of innovation may slow, as complex problems often require long-term investigations that might not yield immediate results. The post advocates for a cultural shift in how funding for research is viewed, emphasizing the inherent riskiness of research and the necessity for a diverse funding approach that includes speculative projects.
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