Verwey-Jonker Institute facing bankruptcy amid AI rise

The Verwey-Jonker Institute, an independent research institute in Utrecht, appears to be on the brink of bankruptcy, citing budget cuts and the rise of AI as the culprits. The Institute has applied to court for a suspension of payments.

Moving to a less expensive location and downsizing its board hasn’t been enough to save the beleaguered Institute. Broadcaster NOS also reported there’s been unrest within the agency’s leadership.

The Verwey-Jonker Institute, founded in 1993, addresses societal issues, providing research to governments, municipalities and others with “social value and impact”, according to its website. They work on issues such as poverty, youth, education, discrimination and domestic violence, among others.

The Institute says technological developments mean many of their clients are now using AI instead of engaging researchers.

While they say they want to continue their work, it will now be up to an administrator to see just how they can do that.