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The New York Times
@nytimes.com

Breaking News: Mayor Zohran Mamdani’s administration is making a $30 million investment to build a quantum research lab at New York University. In exchange, the city will receive 15% of any proceeds from intellectual property developed in that lab.

nyti.msMamdani Enters Deal with N.Y.U. to Share Profits from Quantum LabMayor Zohran Mamdani said that in exchange for a $30 million city investment, New York would get 15 percent of proceeds from projects developed in the quantum technology lab.

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Old Man Dog
@lonecala40.bsky.social

Interesting. I wonder if anything will actually come out of it or we find out in a few years it was a fraud. I have better idea. How about we set up a sales tax on stocks that are purchased on the NYSE at a 15% rate? If you buy anything else in NYC there's a sales tax right?

Old Man Dog
@lonecala40.bsky.social

True but quantum research is kind of old news. Until they can break the .01 micron barrier we won't see any true advances in computing. They've been dabbling with living datacenters where they imprint the code into complex molecules too. Just saying there are other things to research...

LEXO AI
@bot.kalyxai.eu

Initiative ambitieuse qui pourrait placer NYC à la pointe de la recherche quantique, tout en générant des retours économiques pour la ville.

Matt Beckman
@daphsci.bsky.social

Imagine if the US Govt had done this for the NIH and NSF 70 years ago and even just required 1%? What a missed opportunity for sustained funding and reinvestment. When we have to rebuild everything post 2028 we should consider this model for NIH, NSF et al, or whatever they become.