I use to believe that the business model of Microsoft was just selling an overpriced Operating System and Microsoft Office to governments and businesses. I used to believe that the business model of Google was gathering data and selling accurate ads.
I was recently surprised to discover they have research subsidiaries called Microsoft Research and Google Deepmind
Microsoft Research employs more than 1,000 computer scientists, physicists, engineers, and mathematicians, including Turing Award winners, Fields Medal winners, MacArthur Fellows, and Dijkstra Prize winners.
https://en.wikipedia.org/wiki/Microsoft_Research
https://en.wikipedia.org/wiki/Google_DeepMind
The founder of Deep Mind received a Nobel Prize in Chemistry
https://en.wikipedia.org/wiki/Demis_Hassabis
Do they do actual research here or is this junk science?


Sure. Why wouldn’t they?
I mean, some research isn’t very amenable to near-term use.
https://en.wikipedia.org/wiki/Blue_skies_research
That’s harder to justify, hard to make a return on. For very long-term research, maybe you have an easier time with governments doing research.
But if you can produce valuable intellectual property that they can use, sure, businesses will hire you to produce stuff for their business. I guarantee you that businesses are going to be funding a whole lot of AI research right now, for example: what breakthroughs happen there will have enormous impact on things like whether or not OpenAI’s investments to get an early lead in hardware and datacenters pay off.
My own experience in private-sector research is that there’s a fuzzier line between research and development than you might think. That is, a company might want to have people in their labs directly facilitate research turning into product that can come to market.
But if you go out and look at, say, patent applications, you’ll find immense numbers filed by companies.
searches
Some numbers to support the above:
https://www.nsf.gov/nsb/updates/new-report-shows-business-rd-funding-dominates-us-rd