Comment by godelski

  > I can't think of it ever really paying off

Sure worked for Bell Labs

Also it is what big tech was doing until LLMs hit the scene

So I'm not sure what you mean by it never paying off. We were doing it right up till one of those things seemed to pay off and then hyper focused on it. I actually think this is a terrible thing we frequently do in tech. We find promise in a piece of tech, hyper focus on it. Specifically, hyper focus on how to monetizing it which ends up stunting the technology because it hasn't had time to mature and we're trying to monetize the alpha product instead of trying to get that thing to beta.

  > But from a business perspective it seems to almost never pay off.

So this is actually what I'm trying to argue. It actually does pay off. It has paid off. Seriously, look again at Silicon Valley and how we got to where we are today. And look at how things changed in the last decade...

Why is it that we like off the wall thinkers? That programmers used to be known as a bunch of nerds and weirdos. How many companies were started out of garages (Apple)? How many started as open source projects (Android)? Why did Google start giving work lifestyle perks and 20% time?

So I don't know what you're talking about. It has frequently paid off. Does it always pay off? Of course not! It frequently fails! But that is pretty true for everything. Maybe the company stocks are doing great[0], but let's be honest, the products are not. Look at the last 20 years and compare it to the 20 years before that. The last 20 years has been much slower. Now maybe it is a coincidence, but the biggest innovation in the last 20 years has been in AI and from 2012 to 2021 there were a lot of nice free reign AI research jobs at these big tech companies where researchers got paid well, had a lot of autonomy in research, and had a lot of resources at their disposal. It really might be a coincidence, but a number of times things like this have happened in history and they tend to be fairly productive. So idk, you be the judge. Hard to conclude that this is definitely what creates success, but I find it hard to rule this out.

  > I'd tell them to go become academics.. but all the academics I know are just busy herding their students and attending meetings

Same problem, different step of the ladder

[0] https://news.ycombinator.com/item?id=45555175