As a small software vendor, this doens't seem accurate to me. My whole field is reading the papers but very often the scientists are ahead. It's their job to discover new territory, while we also have to deal with more mundane "product" tasks. Industry will do the "fine-tuning" but not really the innovation, or just small innovations. So from a consumer point of view, it might seem that industry people are ahead with their product output, but the new science is light-years ahead of that.

Diego Ongaro wrote the Raft paper as his PhD dissertation at Stanford, so this is also false.

I’m sure the original claim can be narrowed even further than you just did to make it true; I don’t deny that there is a trend for more research, particularly CS and biotech, to be done privately. It’s hyperbole to claim academia is doing nothing though, even in CS.