Friday, June 14, 2024

I don’t know how common deals like this might be, but it would seem to depend on how likely Clearview is to survive.

https://www.nytimes.com/2024/06/13/business/clearview-ai-facial-recognition-settlement.html?unlocked_article_code=1.zk0.Y38c.x6rsOCxhWfmG

Clearview AI Used Your Face. Now You May Get a Stake in the Company.

The facial recognition start-up doesn’t have the funds to settle a class-action lawsuit, so lawyers are proposing equity for those whose faces were scraped from the internet.

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 percent stake in the company to Americans whose faces are in its database.



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