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…
China has introduced new security standards for facial recognition payments, targeting businesses including payment providers and equipment operators. The guidelines prohibit data processing and storage of facial recognition data without legal requirements, mandate stricter consent processes, and enforce minimal data collection. This regulatory action arises amidst heightened public concern over privacy and data security issues…
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…
