🎓 >$100B in US University R&D. >$3B for AU's Green Metal Industry. Approval on AI Data Use.
Chart of the Day #358 Looks at R&D Expenditure in US Universities, Australia’s Investment Into the Metal Industry, and Consumer Approval on Personal Data Usage by AI
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Today's Topics
🎓 Higher Education. >$100B invested in R&D by US universities
🍃 Green Skills. >$3B invested in Australia's greener metal industry
🏭 Artificial Intelligence. Consumer approval of personal data usage by AI
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🎓 >$100B Invested in R&D by US Universities
US higher education R&D spending hit $108.8B in 2023, up from $67.1B in 2013. This marks a decade of steady growth in university research investment, in line with the evolving tech and research landscape of the country. Yet, recent federal funding cuts, such as a $60m grant reduction to Harvard, threaten this trajectory and could raise institutional costs. Policies like the Fiscal Responsibility Act of 2023 further suggest potential constraints on future federal research funding
🍃 >$3B Invested in Australia's Greener Metal Industry
Australia's 2025 Budget allocates substantial funds as much as $3.2B to its metal industry and $750M for green metals. This reflects a significant government commitment to sustainable industrial transformation. This funding supports Australia's ambition to become a leader in green metals and clean energy manufacturing. The Australian Government's "Future Made in Australia" policy spearheads this national drive towards a greener economy.
🤖 Consumer Approval of Personal Data Usage by AI
Consumer approval for AI data usage peaks at 55% for social media, while only 21% approve for phone conversation analysis. This highlights consumer caution regarding AI's access to private versus public data. While AI uses data to personalize services and learn while delivering enhanced results, this trend intensifies privacy concerns, especially with generative AI risks. In response, regulatory frameworks like the EU AI Act are emerging to govern AI data usage and protect consumer privacy, despite the challenge of regulating constantly evolving technology.
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