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Tech companies could beraking in more than $1 million a pop fromevery American’s online data over the years — with AI firms specifically reaping potentially millions more, according to a shocking new study.
Businesses that track individuals’ data stand to net up to $1.08 million per US resident over the course of around 60 years, or from ages 13 to 73, a typical person’s main Web-using years, according to the free-internet group Web3 Foundation.
Worst-case scenario, the tech bigs would garner a still-towering $610,029 from each resident’s online use, the review found.
The top number equates to Americans’ personal data being worth nearly $18,000 per person a year to tech companies.
But that potential figure jumps to a mind-boggling more than $136,000 yearly per resident for artificial-intelligence companies such as Surge AI, the report claimed.
Web3 Foundationstudied how 150 leadingtech companies — including the likes of tech giants such as Amazon, IBM, Tesla and Oracle Corporation — worked with user data to create engagement and revenue.
Even details such as individuals’ device settings and usage patterns are utilized to increase profits, the study found.
Amazon alone stands to make about $1,227 per year from its users’ data, according to Web3 Foundation.
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Source: Drudge Report
