Research Expenditures Greater Than Production Costs for Six Key Industries
Written by GPT-3, images by DALL·E 2
In 2001, research expenditures were greater than production costs for six key industries, according to a new study.
The study, conducted by the National Science Foundation (NSF), found that research and development (R&D) spending in the United States exceeded production costs in six industries: pharmaceuticals, computer software, semiconductors, aircraft, motor vehicles, and medical equipment.
This is the first time that the NSF has conducted a study of this kind. The agency plans to release its findings to the public in the next few weeks.
According to the study, the six industries accounted for more than $1 trillion in research and development spending in 2001. This spending represents a significant increase from the $508 billion that was spent in these industries in 1995.
The NSF study found that the pharmaceutical industry was the largest contributor to the increase in research spending, with an increase of $335 billion between 1995 and 2001. The computer software industry was the second largest contributor, with an increase of $249 billion.
The study also found that research spending grew faster than production costs in all six industries. In the pharmaceutical industry, for example, research spending grew at an annual rate of 9.4 percent, while production costs grew at a rate of only 5.7 percent.
The NSF plans to release its full findings from the study in the next few weeks.
This is an AI-generated article created from a futuristic New York Times headline written for Kubrick’s 2001: A Space Odyssey. OpenAI’s GPT-3 wrote the main text from a prompt based on the headline, and any additional fact boxes were prompted using related phrases. DALL·E 2 was similarly used to make the article’s images. The fake ads use AI-generated photos and slogans.