Stolen from the comments section for Stop flooding us with AI-based grant applications, begs Health Institute in (surprise) The Register:

Close the loop, with more AI (User McUser)

An AI writes the grant application, an AI approves it, an AI then does all the research using other AIs, another AI reproduces it, another AI files the patent, an AI approves that, then another AI starts a company to commercialize it with yet another AI that hypes it up before the IPO then cashes out immediately and runs off to somewhere with cheap electricity and lax tax laws where it invests in an AI company that writes grant applications.