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Then keep it and deal with the backlash without complaining.
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Except for the transcripts where they chose the name because they thought it was funny to offend the English
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Then spell the letters if the name offends you
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It is legitimate indeed, and a nod to its creator T. Coquand, but better avoid recurring, useless discussions so better change the name. The funny (for some), quirky jokes get quickly old anyway.

They also renamed NIPS -> NeurIPS conference, even though the name sounds less subject to jokes.

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