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
Clearview AI, a facial recognition start-up that scraped more than 30 billion photos from social media, can’t afford to pay the settlement bill from its class-action lawsuit so it is offering Americans a stake in its company instead. https://t.co/ruvIOkxOov
➡️ Ownership opportunity! Clearview AI offers individuals a chance to obtain a stake in the company for the use of their facial data. https://t.co/FVnyByfNh0
Clearview AI Used Your Face. Now You May Get a Stake in the Company. https://t.co/6xk4ZHXFdN
Facial recognition company Clearview AI has agreed to resolve claims that it violated the privacy rights of millions of Americans, reaching an unusual class action settlement based on a theoretical stake in the company's future value @SaraMerken https://t.co/lIRq2b1b4g https://t.co/8j7XfPTmgO
Exciting news from Clearview AI! Americans may receive equity in the company instead of cash. Join the discussion on this groundbreaking settlement 🚀 #AI #innovation @YahooFinanceAU https://t.co/8HhmdIGcE2
If Clearview AI scanned your face, you may get equity in the company https://t.co/7AUHJpfrYv
🤔 “Anyone in the United States who has a photo of himself or herself posted publicly online — so almost everybody — could be considered a member of the class. The settlement would collectively give the members a 23 percent stake in Clearview AI, which is valued at $225 million,…
Clearview AI Used Your Face. Now You May Get a Stake in the Company. - The New York Times https://t.co/cLEjMCD4Ij
A facial recognition start-up, accused of invasion of privacy in a class-action lawsuit, has agreed to a settlement, with a twist: Rather than cash payments, it would give a 23% stake in the company to Americans whose faces are in its database. https://t.co/BIsqZMbqrU
Filing: Clearview AI proposes to settle a class action suit by collectively giving a 23% company stake worth ~$52M to Americans whose faces are in its database (@kashhill / New York Times) https://t.co/jlvdARFO4g 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/tDSIIrSmtI
Clearview AI strikes 'unique' deal to end privacy class action https://t.co/4FW2HXKN3u https://t.co/Am8qNAu4XG
Facial recognition company Clearview AI has agreed to resolve claims that it violated the privacy rights of millions of Americans, reaching an unusual class action settlement based on a theoretical stake in the company's future value https://t.co/fBJIai7Vqq https://t.co/1Fi2JqZSv2