posted in Technology
Google buys Spirit Airlines data for AI training for just $10 million — purchase includes hundreds of millions of emails, Microsoft Teams chats, billions of flight pricing records, and anonymized pass
www.tomshardware.com/tech-industry/artificial-intelligence/google-buys-spirit-airlines-data-for-ai-training-for-just-usd10-million-purchase-includes-hundreds-of-millions-of-emails-microsoft-teams-chats-billions-of-flight-pricing-records-and-anonymized-passenger-records
I’m not sure how, but buying a company for just the data should be illegal.
Replying to @Rozz@lemmy.sdf.org
They didn’t, they bought the data, and only the data, in a bankruptcy auction.
Everything is on sale for the highest bidder in an effort to get as much money to pay the company debt as possible. Buying the actual company would be suicide, as then you also get all that debt.
I think that’s the point, they could keep it afloat as competition for what they paid
If you mean the 10 million could have kept Spirit afloat then I’m going to disagree and say that 10 million is a drop in the bucket for their cash flow needs.
Unfortunately even though that isn’t the case here, companies get bought up for parts all the time.