Carbon Arc offers a marketplace for buying and selling licensed, real world transaction data to power LLMs and enterprise applications

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More “Data is the new oil,” an adage coined by British data scientist Clive Humby back in the distant year 2006, has only gained in popularity in the last few years thanks to the generative AI boom. But if that’s true, why can’t you buy and sell data as easily as you could barrels of crude, as the commodity, as so many companies and people conceive of it? Instead, we’re undergoing years of court battles and well reported pieces documenting how AI providers (among other companies) have scraped the web for their data in apparent disregard, and potential violation, of copyright. Shouldn’t there be a “one-stop shop” for companies to buy clean, fully licensed data and use it to power their business models and applications — a kind of iTunes for data, or Amazon for data? That’s the thinking behind Carbon Arc, a new startup emerging from stealth today with $55 milllion ... Read full article.