Google LLC successfully bid $10 million in a bankruptcy auction to acquire a significant trove of assets from the collapsed low-cost carrier, Spirit Aviation Holdings Inc. The acquired assets include deidentified business data, software code, and operational records.
The acquisition encompasses a vast repository of the defunct airline's information. This includes 100 million emails, 500 million Microsoft Teams chats and collaboration records, and data related to revenue, aircraft operations, employee productivity, audits, and fraud. Additionally, the purchase includes 30 million lines of code, development metadata, software models, algorithms, and over 175,000 employee records dating back to 1986.
Google stated its intention to use these assets to enhance its artificial intelligence. The company, which operates its own travel booking service, likely has specific applications for this data to improve its AI models and services within the travel sector. This acquisition highlights the increasing value of large, unadulterated datasets for AI training.
This event represents one of the initial instances of a major tech company acquiring defunct internal records from a legacy business for AI development. This trend is expected to continue as tech giants seek diverse and extensive datasets to train and refine their AI systems, making such acquisitions a potential new avenue for distressed businesses.
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Google LLC won a bankruptcy auction for $10 million to acquire deidentified business data, software code, and operational records from the defunct Spirit Aviation Holdings Inc. This acquisition provides Google with a large dataset, including emails and chat records, which it plans to use to improve its artificial intelligence capabilities, particularly for its travel booking services.