AGP Picks
View all

AI Firms Seek Data from Bankrupt Companies

(MENAFN) Artificial intelligence companies are increasingly pursuing large data collections owned by bankrupt businesses to train their models, creating a growing commercial market while raising concerns over data protection in the global technology sector.

Google and AI startup Micro1 have submitted multimillion-dollar offers for internal communications and passenger information belonging to Spirit Airlines, which entered bankruptcy proceedings.

The potential sale has raised concerns among the airline’s suppliers and employees over the handling and possible exposure of sensitive information.

Google has offered $10 million for the data, while Micro1 has proposed $12.5 million.

Spirit Airlines, which has faced mounting financial pressure, sold 27 older Airbus aircraft for $668 million on Sept. 25.

Court documents filed with the New York Bankruptcy Court show that the assets being offered include around 97.5 million passenger records gathered since 1992.

The database contains 13.7 million email addresses, loyalty program details and information belonging to partner companies.

The proposed package also includes personnel records covering more than 175,000 employees, along with 1.5 million internal communications collected from platforms including email and Microsoft Teams.

A bankruptcy court hearing is expected to take place Wednesday, when the proposed data sale could receive approval.

MENAFN03102026000045017640ID1111753830


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Share this page:

Advanced Search Options

Search for:

Search scope:

Type:

Search in:

Date range:

The last

Sort by:

Sign up for:

Today in Business

The daily local news briefing you can trust. Every day. Subscribe now.

By signing up, you agree to our Terms & Conditions.