When you hear that data is the new oil, this is ultimately what that looks like. AI has such a thirst for data that we’re entering an era where it’s valuable almost in any form.
In a world of AI, information actually belongs as an asset on the balance sheet. This data sale is just one example of the implications of what that will look like.
Ultimately, the way that companies manage and mine their organization’s intelligence will be one of the deciding factors for competitiveness and value creation in the future.
Wow, seems like Google is buying Spirit Airlines' enterprise data for $10m (outbidding Mercor at $7.5m).
Basically includes every internal document, email, workflow, and codebase for a once $6B company.
Honestly, $10m for 34 years of operational data really seems like a steal.