Micro1 is making a $1 billion bet on AI's latest data craze
Source: Business Insider ·
Micro1 is pledging $1 billion to gobble up more companies' internal data for licensing to AI model developers, part of a new wave for the tech.
From the source
A San Francisco Muni bus emblazoned with Micro1 advertising drives on Mission Street.Stephen Council/BIMicro1 pledged to spend $1 billion on licensing companies' data for AI developers.The startup snags Slack messages, Canva files, Google Docs, and as much other data as it can get.By selling company data, CEOs have a new revenue stream that popped up this year.As AI labs go on the hunt for real-world data, Micro1 is throwing everything at getting it for them.The startup is one in a new class of fast-moving data brokers, gobbling up companies' internal data and packaging it for the likes of OpenAI, Anthropic, and other model developers. The executives who sell their companies' data to Micro1 find themselves suddenly participating in a new sector of the economy, where terabytes of mundane workplace interactions can be worth hundreds of thousands of dollars.Ilya Brotzky, the CEO and cofounder of the recruiting startup VanHack, told Business Insider he was shocked when he filled out a…