Clearview AI, a facial recognition company, has agreed to settle a class action lawsuit alleging it violated the privacy rights of millions of Americans. The settlement is unique as it involves giving a 23% stake in the company, valued at approximately $52 million, to Americans whose faces are in its database. The company, which scraped more than 30 billion photos from social media, cannot afford to pay the settlement in cash. Lawyers for the plaintiffs estimate the settlement to be worth at least $50 million, including about $20 million in anticipated attorney fees. The settlement is based on a theoretical stake in the company's future value.
ClearView AI agreed to resolve claims it violated the privacy rights of millions of Americans. Lawyers for the plaintiffs estimate the settlement to be worth at least $50 million, including about $20 million in anticipated attorney fees https://t.co/iwVT39QeKp https://t.co/lxORaVe4zY
You could get partial ownership of an AI company that may have scraped photos of your face online https://t.co/Xlbvlv6PCU
New York Times @nytimes: Clearview AI Used Your Face. Now You May Get a Stake in the Company.. #industry40 #AI #aiact https://t.co/1pI6eTCiJA