Clearview AI agrees to pay 23 percent of IPO valuation to settle US biometric privacy claims, plaintiffs say

By Mike Swift ( June 13, 2024, 19:01 GMT | Insight) -- Plaintiffs suing Clearview AI disclosed what they called a “creative” and "unique" settlement of biometric privacy litigation that would award 23 percent of the controversial facial-recognition company’s value in a public stock offering, a settlement that would perhaps remove Clearview’s biggest legal challenges in the US. Based on Clearview’s current estimated valuation of about $225 million, the settlement would be around $52 million.Plaintiffs suing Clearview AI have disclosed a “creative” and “unique” settlement of biometric privacy litigation that could total 23 percent of the controversial facial-recognition company’s value in a public offering, a settlement that would perhaps remove Clearview’s biggest remaining legal challenge in the US....

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Clearview AI agrees to pay 23 percent of IPO valuation to settle US biometric privacy claims, plaintiffs say

Prepare for tomorrow’s regulatory change, today

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