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Government urged to boost R&D spending
The U.S. government has publicized its investments in whiz-bang fields such as quantum technology and artificial intelligence. But to help companies remain competitive in an increasingly automated and digitized landscape, it should boost tech spending aimed at boosting productivity, researchers say. Redirecting more research-and-development funds to areas including robotics, 3D printing and autonomous vehicles could juice productivity growth rates and increase federal revenue, said Robert Atkinson, president of the Information Technology and Innovation Foundation, a Washington-based think tank. In a report published this month, ITIF called for Congress to increase federal R&D funding by $40 billion a year and focus that spending on increasing worker productivity.