Artificial Intelligence: Clearview AI To Expand Its Vistas Beyond Law Enforcement

April 5, 2022 | Artificial Intelligence, News
https://dailyalts.com/wp-content/uploads/2022/04/image01.jpg

Co-founder and CEO Hoan Ton-That trashed reports that Clearview AI, his controversial startup, was up for sale.

Clearview AI, the facial recognition startup that has often been in the cross-hairs of privacy advocates, intends to branch out beyond its beat of law enforcement and governments to banks and other private businesses, and is not looking to sell itself. (AP)

Refuting reports that emerged from a recent court filing and said Clearview was being sold, Clearview co-founder and CEO Hoan Ton-That told AP: “We don’t have any plans to sell the company.”

The minutes of a hearing held on March 17 in a Chicago federal court revealed that Clearview AI was “considering selling the app platform to other entities,” and that the “sale of Clearview’s app” would be discussed in detail later.

Ton-That went on to clarify that the company was contemplating a new line of business that would verify people’s identity using a “consent-based” approach, such ID checks being the “least controversial use case” of facial recognition.

However, Ton-That clarified that the new product would not involve its huge data base of 20 million images that were reserved for use by law enforcement.

“We’re really focused on law enforcement right now,” he said.

“When we gave this to law enforcement, we saw such amazing success right away where they could ID so many victims of crime or perpetrators of it that it was a kind of a no-brainer at that point to really focus on that kind of use case.”

It was reported in December that Clearview was near to being awarded a patent for a “search engine for faces” that can roam the internet to find matches.

The US Patent and Trademark Office had sent Clearview a “notice of allowance” that essentially grants the patent subject to payment of fees.

Related Story: Controversial AI Company Clearview To Nab Patent For “A Search Engine For Faces”

Image of HOAN TON-THAT : https://hoantonthat.com/ , Hoan Ton-That

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/07/graph-g80f55d5ee_640.png
FinTech: Klarna’s Valuation Plunges To $6.5B In Talks To Raise $650M (WSJ)
July 1, 2022     FinTech, Latest News, News

Klarna, the Swedish fintech known for its buy-now-pay-later (BNPL) financial product, is negotiating to raise $650 million at a valuation of $6.5 billion, which is a very sharp comedown from…

https://dailyalts.com/wp-content/uploads/2022/07/woman-g9c1c89a51_640.jpg
Venture Capital: OppZo, Which Funds Small Businesses Having Government Contracts, Raises $260M
July 1, 2022     News, Venture Capital

Fintech OppZo brings together investors and small businesses that need working capital loans for their government-facing businesses. Typically located in economically stressed areas of the country, these businesses represent an…

https://dailyalts.com/wp-content/uploads/2022/07/block-chain-gb76db3143_640.jpg
Alternative Investments/Digital: Jacobi To Launch Europe’s First Bitcoin ETF This Month

The Jacobi Bitcoin ETF, from Jacobi Asset Management, will have a number of firsts to its credit when it starts trading this month. It will be the first exchange-traded equity…

https://dailyalts.com/wp-content/uploads/2022/07/r4f167378_rrd.jpg
Artificial Intelligence: John Deere’s Advances in AI Powered Agriculture Machinery
July 1, 2022     Artificial Intelligence, News

John Deere (NYSE: DE) has achieved leadership in automated machinery powered by Artificial Intelligence (AI). The self-driving tractor pictured above was revealed in CES 2022 and has six pairs of…