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From the words of my professor who was around at the time, there was nothing quite like Bell Labs[0] when AT&T was still a monopoly. Because as a monopoly they
by personjerry 10y ago
From the words of my professor who was around at the time, there was nothing quite like Bell Labs[0] when AT&T was still a monopoly. Because as a monopoly they earned a fixed % of their spending, Bell Labs had essentially unlimited funding, and a lot of their work really paved the way for all of the amazing technology we have today, especially the Internet.
- mathattack 10y agoUnlimited funding and limited push to commercialize due to the same regulatory constraints. It was like a tenured professorship minus the teaching. Eventually competition crushed it.