Clearview AI Wants to Settle Lawsuit by Giving Out Stakes in Itself

Clearview AI, the controversial facial recognition company, is seeking to settle a lawsuit by offering equity stakes in the company to those who sued. The lawsuit, filed by the American Civil Liberties Union and others, alleges that Clearview violated Illinois’ biometric privacy law by scraping billions of photos from the internet without consent. Clearview’s proposed settlement would give equity stakes to the plaintiffs, potentially making them shareholders in the company. This move aims to align the interests of the plaintiffs with Clearview’s success. However, the plaintiffs have rejected the offer, stating that it does not address the core issues of the lawsuit, which seeks to stop Clearview’s alleged violations of privacy rights. The settlement proposal highlights the ongoing legal battles surrounding facial recognition technology and its potential impact on privacy.

Source: https://www.businessinsider.com/clearview-ai-wants-settle-lawsuit-giving-out-stakes-in-itself-2024-6