Earlier quoted context omitted.
I’ll note at the end of the last century I worked at IBM research which had a budget of 6 Billion dollars. Management was trying very hard to get better return on that investment. Even today IBM though often ridiculed in the tech space (sometimes they do deserve it) spends a lot on R&D.
Did anything come out from those billions?
Per wikipedia:
IBM employees have garnered six Nobel Prizes, seven Turing Awards,
20 inductees into the U.S. National Inventors Hall of Fame, 19 National Medals of Technology,
five National Medals of Science and three Kavli Prizes. As of 2018,
the company had generated more patents than any other business in each of 25 consecutive years.