+923218400111
ROOM NO 214, 2ND FLOOR, LSE PLAZA, 19-KHYABAN-E-AIWAN-E-IQBAL, LAHORE
accounts@bspl.com.pk

Are you ready to change the game? Find Out More

Google wins $10M bankruptcy auction to acquire Spirit Airlines’ internal business data for AI training
Home » BUISNESS  »  Google wins $10M bankruptcy auction to acquire Spirit Airlines’ internal business data for AI training

Google wins $10M bankruptcy auction to acquire Spirit Airlines internal business data for AI training
Google wins $10M bankruptcy auction to acquire Spirit Airlines' internal business data for AI training

Google has won a bankruptcy auction to acquire a massive repository of internal business data from the defunct Spirit Airlines for $10 million.

Alphabet's company plans to use the enterprise dataset for product development and training artificial intelligence models.

The tech giant outbid competing offers, including a $7.5 million bid from AI data firm Mercor.

As reported by Reuters, extensive dataset encompasses roughly 100 million company emails, 500 million Microsoft Teams chats, 30 million lines of code, spreadsheets, calendars, marketing records, and documentation covering finance, accounting, website analytics, and operations.

The acquired data will be de-identified before the sale is complete, containing no customer information or personally identifiable information.

Google has emphasized that no consumer personal information, customer profiles, or credit card data are part of the purchase.

Furthermore, a third party is responsible for rigorously scrubbing all data of any remaining personally identifiable information (PII) before it is handed over to Google.

Spirit Airlines ceased operations and entered liquidation following deep financial strains. The data sale is pending final approval by a U.S. bankruptcy judge.

A U.S. bankruptcy judge will consider approving the data sale at a Wednesday court hearing.

Spirit group received a $7.5 million bid from Mercor, an AI data company.

The airline is also selling off assets in bankruptcy after shutting down its business in May due to high debt and high fuel costs.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Public Notice

Beware of Fraudulent Schemes Misusing the Name of Bridge Securities Pvt. Ltd

Fraudulent individuals and entities may misuse the identity of Bridge Securities Pvt. Ltd or falsely impersonate its directors or executives to deceive the public through unauthorized communication channels, fake profiles, and misleading information.

We strongly advise our clients and the general public to exercise caution and remain vigilant against such scams.

Please note:

  • Bridge Securities Pvt. Ltd has no affiliation with any unofficial pages, profiles, apps, or WhatsApp numbers.
  • We never request OTPs, personal information, funds, or investments through unofficial platforms.
  • All communication from Bridge Securities Pvt. Ltd is conducted only through our official phone numbers, website, email, social media handles through official representatives.

For your safety:

  • Always verify the authenticity of any communication before engaging.
  • Make sure that you are dealing with licensed entities and registered professionals by conducting research from the PSX and SECP websites.
  • Regularly visit SECP, PSX, CDC, and NCCPL websites for authentic updates.
  • Transact only through official banking channels linked to licensed brokers.
  • In case of any ambiguity it is recommended to contact and verify the information through our official representatives.

Official Channels:

  • Website: www.bspl.com.pk
  • Email: accounts@bspl.com.pk
  • Social Media: Not Available
  • Helpline: 0321-8400111

Shareholder Agahi – Your Gateway to Shareholder Insights

Pakistan’s first comprehensive platform, developed by PICG and CDC, dedicated to enhancing shareholder awareness and empowerment.

Discover Shareholder Agahi- Your one-stop hub for real-time shareholder updates, rights, and governance insights. Empower yourself with accurate information.Explore the portal: https://www.shareholderagahi.com/ Watch the tutorial (Urdu): https://www.youtube.com/watch?v=O7iCRiKJ37A

This will close in 20 seconds