Clearview AI Settlement Approved, Key Stakeholders to Benefit from Company IPO

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…

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Clearview AI’s Proposed 23% Settlement Faces Legal Scrutiny

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…

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