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

Image for article AI labs are buying data from dead startups to train their models
News Source : MIT Technology Review

News Summary

  • Startup shutdowns are rising between 26% and 56% annually.
  • Tech undertakers are selling the data remains to AI labs.
  • Buyers include foundation AI labs, vendors that construct simulated workspaces for AI training, and mature tech companies building their own models.
  • Legally, this all could get iffy.
  • Ifeoma Ajunwa, a law professor at Emory University and author of The Quantified Worker, says this represents a form of “captured capital.”
SimpleClosure added data sales to its services in April. Its Asset Hub platform helps founders sell their code and workspace dataemails, chats, documents.

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