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Clearview AI is Offering a Stake in Its Company to the People Whose Photos It Stole

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Clearview AI can’t afford to pay the settlement bill from its class-action lawsuit so if offering Americans a stake in its company instead.

from social media, can’t afford to pay the settlement bill from its class-action lawsuit so is offering Americans a stake in its company instead.

The unusual settlement offers members of the lawsuit a collective 23 percent stake in Clearview AI; an amount that is currently valued at $52 million,Members of the class could be literally anyone in the United States who has posted a photo of themselves online so anyone who does submit a claim could be entitled to a cut of the proceeds from a public flotation or an acquisition.

“Clearview AI is pleased to have reached an agreement in this class-action settlement,” says the company’s lawyer, Jim Thompson, a partner at Lynch Thompson in Chicago.

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