MIT Technology ReviewAI & LLMs

AI labs are buying data from dead startups to train their models

When Keelan Miskell began winding down his crypto startup this year, he didn’t think its data was worth much: the users were anonymous, the company just a few years old. But he’s since turned the firm’s digital archives into real money. He’s netted roughly $25,000 for his code base and a still-pending amount (likely around $15,000) for the workspace data in Google, Notion, Figma, and Slack. “At least all that stuff we were doing for two and a half years is worth something to someone somewhere,” he says. The sale was brokered by a company called SimpleClosure, part of a new growth sector in...

Source: MIT Technology Review

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