As tech nerd, I love the lore of The PARC and went to visit it as soon as I moved to the Bay Area.
However, I assume it would be taught as a lesson of what not to do in a business context:
Investing in pure research often yields innovations that are opposed to existing business lines or simply too far out to see as useful by management.
That said, many companies have research arms. Microsoft, Walmart, IBM, Meta, Google…