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edgar's avatar

One might usefully contrast Diamandis’ entrepreneurial explosion with the planned economy that the National Science Foundation is delivering and how NSF activities under the Bayh-Dole Act are narrowing the tax base and making it harder for unconnected private entrepreneurs to succeed.

Yesterday, there was a link Dr. Kling posted to an article about robotic delivery of health and social services. The NSF, unsurprisingly given its vast resources and unlimited scope to interfere in the economy, also is shaping our future in this regard. NSF’s National Robotics Initiative (NRI) 3.0 and the NSF SBIR/STTR Robotics and Digital Health programs are funding development robotics in home and clinical settings, in particular in home-based and long-term care settings.

And the approximately $120 million in funding so far has selected some winners. Diligent Robotics, founded by Georgia Tech professor Andrea Thomaz who received an NSF CAREER award, developed Moxi, a hospital logistics robot that has completed over 1 million deliveries in acute care settings. The company followed a standard NSF commercialization path, progressing from NSF research awards to the NSF I-Corps program and SBIR Phase I and II grants, eventually raising private seed funding.

Other notable commercialized health robotics startups include GuidaBot, a joint venture between the University of Houston and Fannin Innovation Studio, which received an NSF SBIR grant to develop a robotic manipulator for MRI-guided interventions using solid-media transmission. Additionally, PSYONIC developed durable, touch-sensing bionic hands for amputees, leveraging NSF funding to build its technology before appearing on Shark Tank in 2024 to expand its business.

Ain’t the free market grand?

More generally, the National AI Research Institutes program awards money to a plethora of mainly academic centers to get in the AI game. For example, the NSF and NVIDIA trecently gave a $152 million joint grant to the Allen Institute for AI (Ai2) for an Open Multimodal AI Infrastructure to Accelerate Science (OMAI) project. The Allen Institute previously was able to spin out NSF funded assets under the name Xnor.ai which it then sold to Apple for $200 million. Tax free. This is similar to how Stanford sold out its NSF funded interest in the google search algorithm for $300 million. Stanford still apparently receives licensing fees.

It seems that if we really wanted to see Diamandis’s vision realized we would repeal the Bayh-Dole Act and shut down the NSF.

David Dufek's avatar

In some respects, same as it ever was.

Back in my Econ undergrad, a management professor offered that while ethics would prevent him from following through, that he is willing to bet that he could make a lot of extra money by simply auctioning off As (or even Cs) in his class, making education (for many students) one of the rarest products: one that the consumer would pay more to get less of.

With AI, one doesn't need to bribe the professor, but in either case, those students unwilling to take the deal -- those there to actually learn materials -- will be advantaged over those willing to take the shortcut. This won't be evident based on CVs, but will be evident after someone is hired and work is underway.

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