Bulletins

Plan for $100 billion in U.S. science spending to beat China gets IBM backing

The bipartisan Endless Frontier Act would send $100 billion to the National Science Foundation

IBM CEO Arvind Krishna speaks while seated in front of an open water bottle.

IBM CEO Arvind Krishna endorsed the bipartisan Endless Frontier Act, which would boost U.S. government spending on science in the competition against China.

(Photo by Brian Ach/Getty Images for Wired)

IBM CEO Arvind Krishna joined the White House and bipartisan members of Congress in endorsing the Endless Frontier Act, which would direct $100 billion in spending to the National Science Foundation as the U.S. looks to get ahead in competition against China.


"Just like the United States chose to invest in science in the post-WWII era, the Endless Frontier Act offers a once-in-a-generation opportunity to refocus our institutions on innovation," Krishna said in a statement released Thursday.

The bill, which already has the support of several industry groups, would create a new Directorate for Science, Technology and Innovation within NSF and reserve $10 billion for the Department of Commerce to distribute to regional tech hubs. It would also focus work on emerging tech including AI, advanced manufacturing and robotics.

To address the chip shortage, Krishna also called for fully funding the National Semiconductor Technology Center that Congress authorized last year, and suggested placing it in Albany, New York, where IBM has a research center.

Theranos 'valued PR' over patients, an ex-employee says

Adam Rosendorff said he felt pressured to vouch for tests he did not have confidence in. His testimony appeared to tie Holmes more closely to the lab's failures.

Elizabeth Holmes leaves the San Jose courthouse where her fraud trial is underway.

Photo: Jane Tyska/Digital First Media/The Mercury News via Getty Images

Former Theranos lab director Adam Rosendorff testified Friday that he repeatedly raised the alarm about bad blood tests to then-CEO Elizabeth Holmes, ultimately concluding that the company valued press and funding more than the patients.

"I was very enthusiastic working at Theranos in the beginning. Over time, I came to realize that the company really valued PR and fundraising above patient care, and I became very disillusioned," Rosendorff said on the witness stand inside the San Jose courtroom where Holmes' trial on fraud charges began this month.

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Biz Carson

Biz Carson ( @bizcarson) is a San Francisco-based reporter at Protocol, covering Silicon Valley with a focus on startups and venture capital. Previously, she reported for Forbes and was co-editor of Forbes Next Billion-Dollar Startups list. Before that, she worked for Business Insider, Gigaom, and Wired and started her career as a newspaper designer for Gannett.


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