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by altdataseller
960 days ago
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1. How will companies know your data is accurate and not fake? 2. Why would companies pay or give away equity for your data when they could get most of it for free if it’s on the web? 3. Why would anyone sign up for the hassle of giving companies data when it’s worth maybe a few dollars at most? Models rely on millions of data points and yours standalone by itself is worth very little |
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2. Cause nearly every who's-who AI company is facing lawsuits for doing just that.
3. You're referring to LLMs and other high data models (this doesn't really apply as much to things like healthcare). While that's true, think about it this way -- each piece of data might not be worth a lot in the beginning, it's tied to the model.
As the model brings in more revenue, your data goes up in worth. And so what you're really holding is an opportunity / contract for future profits. Each one might not be worth anything, but it turns into an investment opportunity for an outsider -- you can buy the rights to the contract from these individuals once you see the company is clearly rising.
tldr; Because it provides long term opportunities, and allows you to have a stake in a company with barely any effort.