Clearview ai stock software#
Clearview ai stock series#

Get monthly insights on how artificial intelligence impacts your organization and what it means for your company and customers. Although ClearviewвЂ™s AI technology could have helped tackle the crisis, the manner in which the company had gathered data and created its data sets created a social firestorm that discouraged its use. When the COVID-19 pandemic erupted in March 2020, Clearview tried to pitch its technology for use in contact tracing in an effort to regain its credibility and gain social acceptance.

Twitter almost immediately sent the company a cease-and-delete letter, and YouTube and Facebook followed suit.

Many people called for a ban on the use of the Clearview AI technology because the startup had created its database by mining social media websites and the internet for photographs but hadnвЂ™t obtained permission to index individualsвЂ™ faces. The article renewed the global debate about the use of AI-based facial recognition technology by governments and law enforcement agencies. It had quietly flown under the radar until The New York Times reported that businesses, law enforcement agencies, universities, and individuals had been purchasing its sophisticated facial recognition software, whose algorithm could match human faces to a database of over 3 billion images the company had collected from the internet.

Clearview ai stock software#

The company did not admit fault in doing so.Д¬learview also has faced fines around the world for alleged privacy violations related to the scraping of online images without consent.In January 2020, an unknown American facial recognition software company, Clearview AI, was thrust into the limelight. Rising interest rates and global inflation have slowed investment in tech companies and prompted many layoffs.Д¬learview in May agreed to settle a privacy lawsuit brought by groups including the American Civil Liberties Union, committing to end corporate customers' access to its database of photos collected from the public web. It presented at an investor conference last month.

Clearview ai stock series#

The last time Clearview said it raised venture capital was in July 2021, closing $30 million in Series B funding. Ton-That told Reuters in a February interview that he was happy with the leadership team he had assembled last year. Ashra did not respond to requests for comment. Reached by phone, Metaxas confirmed his departure but declined further comment. in May 2021, and it recently removed both from the company's 'leadership' webpage. Devesh Ashra, chief strategy officer, took a role last month at Credit Suisse, according to his LinkedIn profile. federal government.Д¬learview also split with Chief Revenue Officer Chris Metaxas, two sources said. The company, which had nearly 50 employees as of February, recently has targeted app developers and lucrative opportunities with the U.S. The cuts included staff who worked with local law enforcement, LinkedIn profiles showed. He declined to comment on the teams or number of people affected. 'The strategy is designed to improve efficiency and reduce operational costs,' he said. The departures, previously unreported, show instability at the top of the five-year-old company that has taken billions of facial images from the public web and made them searchable by more than 3,000 customers, largely police agencies.Д¬learview Chief Executive Hoan Ton-That said in a statement that organizational changes including 'the elimination of positions' and reassignment of duties were meant 'to better position it for financial security and growth.' (June 17): Clearview AI cut much of its sales staff this week and has parted ways with two of three executives hired about a year ago, according to people familiar with the matter and posts online, as the high-profile facial recognition startup grapples with litigation and difficult economic conditions.