return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 3 days agoGoogle 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 passwww.tomshardware.comexternal-linkmessage-square42linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkGoogle 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 passwww.tomshardware.comreturn2ozma@lemmy.world to Technology@lemmy.worldEnglish · 3 days agomessage-square42linkfedilink
minus-squareRozz@lemmy.sdf.orglinkfedilinkEnglisharrow-up0·3 days agoI’m not sure how, but buying a company for just the data should be illegal.
minus-squarea_non_monotonic_function@lemmy.worldlinkfedilinkEnglisharrow-up0·3 days agoUnfortunately even though that isn’t the case here, companies get bought up for parts all the time.
minus-squareJohnEdwa@sopuli.xyzlinkfedilinkEnglisharrow-up0·3 days agoThey didn’t, they bought the data, and only the data, in a bankruptcy auction.
minus-squareag10n@lemmy.worldlinkfedilinkEnglisharrow-up0·3 days agoI think that’s the point, they could keep it afloat as competition for what they paid
minus-squareRinzler@lemmy.worldlinkfedilinkEnglisharrow-up0·3 days agoIf 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.
minus-squarevillage604@adultswim.fanlinkfedilinkEnglisharrow-up0·2 days ago$10m is probably less than their hourly fuel costs.
I’m not sure how, but buying a company for just the data should be illegal.
Unfortunately even though that isn’t the case here, companies get bought up for parts all the time.
They didn’t, they bought the data, and only the data, in a bankruptcy auction.
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.
$10m is probably less than their hourly fuel costs.