Study: Tech companies could earn up to $1 million per US resident from personal data over a lifetime
By
Alex Oliveira
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Summary
A study by the Web3 Foundation estimates that tech companies can earn between $610,000 and $1.08 million per US resident over a lifetime (ages 13-73) by tracking and monetizing their online data. The report highlights that Americans provide more valuable data than any other population, with AI firms poised to reap even greater profits from personal information.
Key quotes
· 3 pulledTech companies could be raking in more than $1 million a pop from every American's online data over the years
Businesses that track individuals' data stand to net up to $1.08 million per US resident over the course of around 60 years
Worst-case scenario, the tech bigs would garner a still-towering $610,029 from each resident's online use
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