Earlier quoted context omitted.
You're right on many points. My observation is, when it comes to deeper Ai that trends towards AGI, the private sector seems lost in terms of the big ideas and applications. The VCs are also lost and have no idea on how to appreciate fundamentally groundbreaking R&D development ventures. To be honest, most of the funding and deeply interesting work for ground breaking Ai research lies in the public and defense sector…
I agree, but it's the same problem with all basic research. There are no guarantees of results and it can take a long time. So much of it gets done with public resources. In fact much of the deep learning advances we (including Google) enjoy today were done with Canadian (University of Montreal) and European (IDSIA) taxpayers money over the last couple of decades
Given that the public funding of basic research most always results in the ushering in of new technological paradigms that make corporations tens of billions if not hundreds of billions of dollars, more should be done to make sure they pay back into the system that ensures their constant success.