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

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

If Clearview AI scanned your face, you may get equity in the companySteve should have known that civil engineering was not for him when he spent most of his time at university monkeying with his 8086 clone PC. Although he graduated, a lifelong obsession of wanting the Solitaire win animation to go faster had begun.
Source: engadget - 🏆 276. / 63 Read more »