| Cambridge, England on September 26, 2026 |
With everything going on in the world, from war to AI grasping at everything, it’s more important than ever for universities to have the money to think and work independently. That’s not where they are or where they’re headed. This is particularly clear in my case study, the most recent University of California Board of Regents’ Finance and Capital Strategies meeting. The finance model doesn't bring in enough money to support the academic core, as officials now admit in passing. And this month, they suggested that researchers help fund general operations by giving more research control to venture investors.
Sounds really strange, I know, but that's what I heard, as I'll explain.
Under current conditions, UC (and others)

