AI labs are buying data from dead startups to train their models

A new industry is giving their data an afterlife in AI. When Keelan Miskell began winding down his crypto startup this year, he didn't think its data was worth much: the users were anonymous, the company just a few years old. But he's since turned the firm's digital archives into real money. He's netted roughly $25,000 for his code base and a still-pending amount (likely around $15,000) for the workspace data in Google, Notion, Figma, and Slack. "At least all that stuff we were doing for two and a half years is worth something to someone somewhere," he says. The sale was brokered by a company called SimpleClosure, part of a new growth sector in tech: businesses catering to dying startups.