A U.S. court has approved a settlement in Clearview AI’s litigation on biometric data, granting claimants a 23% stake in a potential IPO, estimated at $51.75 million. Clearview’s facial recognition tech improves FBI investigations of online child abuse cases. While concerns over opt-out practices linger, the settlement allows continued operations under established agreements with law…
Clearview AI is facing a proposed settlement in a biometric data privacy lawsuit that would grant plaintiffs a 23% stake in the company. Judge Sharon Johnson Coleman expressed concerns about Clearview’s opt-out policy and the company’s financial struggles. Some plaintiffs are opposed to accepting equity from Clearview, preferring the company be held accountable, potentially through…
Biometric authentication opportunities are expanding, particularly for government services and payments. J.P. Morgan is set to enhance its biometric payment offerings, contrasting with Zwipe’s struggles in the market. International developments in biometric policies suggest growing demand, although challenges remain in scaling and regulatory compliance. The biometrics sector is experiencing a surge in opportunity, particularly for…
Clearview AI’s facial recognition technology has proven essential for law enforcement, notably helping Michigan police identify a criminal scam ring. While the technology is embraced for its effectiveness, concerns over ethical usage and privacy violations persist. Various law enforcement agencies continue to use Clearview amidst regulatory scrutiny, highlighting a complex relationship between technology and legal…
