Clearview AI Settles Privacy Lawsuit, Plaintiffs Gain Stake in Company: Report
Clearview AI, a facial recognition start-up, settled a lawsuit in Illinois on Friday that claimed its extensive database of facial images breached privacy rights. This is as per a report by the AP.
The settlement, potentially exceeding $50 million, offers plaintiffs a stake in the company's future value instead of a conventional monetary payout, adds the report
Clearview AI proclaims itself as an AI company that aims to help reduce crimes, fraud, and other risks and enhance military defense and national security. “Clearview AI’s highly accurate facial recognition platform is protecting our families, making our communities more secure, and strengthening our national security and defense,” reads the company website.
Legal fees, projected at $20 million, will be deducted from the settlement. Preliminary approval of the deal was given by Judge Sharon Johnson Coleman of the Northern District of Illinois.