Yikes, talk about poor timing [0]!
Of course, the proposal [1] was submitted at the beginning of August before this was available, but it must still be a bit of a gut check for the research team.
Hopefully they can figure out a way to inject additional novelty in the project.
[0]: https://news.ycombinator.com/item?id=17919297
[1]: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1816325