alt Hacker News> There’s already a 3-4 year advanced degree in the United States with an optional thesis component that companies in relevant industries can intervene in and direct if they so desire.
You're making this up as you go. No MS lasts 3-4 years, almost all MS theses are book reports/unpublished because the student is primarily attending classes, almost none are directed by industry (see points 1 and 2).
sometimes an institution will give an ms as a consolation prize for time spent not being able to finish a phd [0]. in those cases they can be upwards of 5 years, but they certainly aren't industry driven
[0] often a leadership or personality failure of the PI