Do firms invest in long term R&D?
They do, right? There are examples around. Just recently we saw that Intel will invest 50 millions of dollars in Quantum Computing (Also, this brief note by Intel’s CEO). They don’t expect to have results immediately:
Today Intel Corporation announced a 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing. To achieve this goal, Intel will invest US$50 million and will provide significant engineering resources both on-site and at Intel, as well as technical support.
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Despite significant progress, quantum computing will take at least a dozen years to fulfill. That’s why practical and theoretical research is needed now, and why we will work with industry partners.
Then, the interesting question would be what kinds of corporations invest in R&D, and at which timescales they do. It could be…
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