Sam Altman feels Silicon Valley has lost its innovation culture, saying great research hasn’t happened there in a ‘long time’::“Before OpenAI, what was the last really great scientific breakthrough that came out of a Silicon Valley company?” Altman said on a Wednesday podcast.
You seem to know things and I’m curious, I have it in my head that it’s somewhat typical for university researchers to be able to profit off their own research by spinning up startups and whatnot. My recollection is the university typically has a contractual right to a cut of that. I don’t remember if that is common, or just something in the drug research kind of sector, or if my understanding of research is based more on the Ghostbusters movie.
I agree with everything you said though.
Typically, universities own the patents to any ideas developed using university resources, including the research work one does as a professor. The university can also give a cut to professors.