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Three Models of Research Funding
The three models of research funding are private, public, and large societal projects. Public funding historically supports time-honored research with no certainty of commercialization. Private companies like AT&T, IBM, Google, and Microsoft invest in long-term research, partly for PR, recruitment, and retention. They have made significant breakthroughs, such as in AI. The debate between private and public funding has intensified, with tech companies pulling talented faculty from universities due to their large capital needs for modern AI. The third model involves large societal projects like the Apollo and Manhattan projects, which were heavily militaristic and necessitated speed and access to significant funds. However, concerns arise regarding the increased militarization of society in pursuing such projects.