Google Buys Spirit Airlines' Internal Data for $10 Million to Train AI
Spirit Airlines, currently in bankruptcy, has agreed to sell its internal business data to Google for $10 million. As stated by Google, which trades under the ticker $GOOGL, this data will be utilized to train AI models and improve its offerings. The announcement was made through a statement from Google, confirming the transfer of Spirit's corporate records to the technology company. This information will be integrated into Google's AI training initiatives. The $10 million deal underscores the significance that leading tech companies place on operational data. Further specifics regarding the data or its future applications were not disclosed.
Key facts
- Google is purchasing internal business data from Spirit Airlines for $10 million.
- Spirit Airlines has filed for bankruptcy.
- The data will be used to train AI models and enhance Google's products.
- Google is referred to by its ticker $GOOGL.
- The purchase was announced by the company.
- The specific nature of the data has not been disclosed.
- The deal is intended to support Google's AI development efforts.
Entities
Institutions
- Spirit Airlines
Sources
- Quartz —