Friday, 24 November 2017

AlphaGo Zero shows that corporate R&D has starved basic research in favor of safe bets and tinkering at the margins

An NBER paper from 2015 tracks the decline in corporate spending on basic science in R&D, which has become a practical, application-focused line-item in corporate budgets, creating a safe, predictable, and slow cycle of innovation. (more…)