Comment by jillesvangurp

Private labs feed off academia. Without academics to staff them, they'd get a lot less far.

I used to work at Nokia Research when they still made phones. Probably the closest thing Europe had to Silicon Valley twenty years ago. Except it was in Helsinki. Lots of stuff got invented there. Nokia didn't really manage to capitalize on its own inventions of course. Or rather it got caught up in its own clumsy attempts throwing babies out of the window by the bucket load. But others sure did. A lot of modern smart phones still have tech in them that Nokia pioneered before either Google or Apple shipped a smart phone.

At the time there was a lot of talk about the demise of industrial research labs. Bell labs (now actually owned by Nokia!), Xerox PARC, IBM, and all the other big US labs that produced amazing stuff are former shadows of themselves. There is some truth in that

But you could argue that Google and Apple picked up some of the slack. And the current AI boom came out of Google cherry picking all the best universities for their AI talent and putting them all together in a research group that then got free reign. Like Nokia, that involved a lot of ejecting of babies with the bath water. But it seems to have spawned lots of new startups that can trace their roots back to that research group in Google.