Someone was even kind enough to hardcode the API access token in their open source project https://github.com/jonnjonny/WhereIsEveryone/blob/master/Whe...
[1]. https://peprofessional.com/2019/04/aip-acquires-current-ge/
[2]. https://www.bizjournals.com/boston/news/2018/11/06/ge-to-sel...
If GE made $1B here (which I think is a total guess, stemming from American Industrial Partner's self-described focus on the middle market), it was from selling "corporation" not "data". "Wall St" in this case means PE not HF. There's a hand-wavy attempt to link this transaction to California DMV's sale of data, but the two cases aren't remotely similar.
The interesting part is actually the PDF of the San Diego "intelligent lighting" contract embedded in the article; they've highlighted the main points. Section 7 of the contract says that San Diego owns the raw data, while the vendor owns the processed data free & clear to do with as they please.
So this in no sense represents San Diego selling "footfall data" to HF, but it is somewhat eyebrow raising.
1 in a million crimes it is probably super useful, but for the 999,999 other times some people get into a fight, something gets stolen, two people get stabbed in a grocery store with many cameras and security guards and dozens of witnesses (using an example from my neighborhood in LA this past September), nothing happens because the perpetrators are long gone and will never be found by the time the cops show up, if they do at all. You can't effectively keep 500 square miles safe with only 9000 cops.
I guess you could divide by resident but multiple firms could purchase the same data, so hard to say how to think about it.
Where does this figure come from? Is it even accurate at all? If this is actually true I'd be interested in seeing what kind of data they sell and who buys it. I'm really questioning the reliability of the article just because of this figure that seemingly just comes from nowhere.
Also, I live in San Diego, so I'm a little freaked out. This literally sounds like something out of 1984.
edit: I think they might be talking about Current, a GE subsidary that they sold to a wall street firm. Theres no financial figure disclosed. But it seems like they mainly do large-scale energy efficient lighting for commerical purposes. I would not classify that as 'selling data'.
https://en.wikipedia.org/wiki/Current_(AIP_subsidiary)