Before digging into the complex relationship between Fidelity and Clearview AI, it's crucial to understand the nature of Clearview AI and its current standing.
Clearview AI is a controversial facial recognition technology company that has amassed a massive database of over 20 billion facial images scraped from public websites, social media, and other sources. This database is used to train its facial recognition algorithms, which boast an astonishing 99.99% accuracy rate.
Controversies That Surrounded Clearview AI
However, Clearview AI has also drawn significant criticism for its data collection practices and privacy concerns. Critics argue that the company's facial recognition software can be used for surveillance, harassment, and even political repression.
Clearview AI's Relationship with Fidelity
Despite the controversies, Fidelity has been linked to Clearview AI in several ways:
Fidelity's Investment in Clearview AI: In 2020, Fidelity National Financial (FNF), a subsidiary of Fidelity Investments, invested $50 million in Clearview AI.
Clearview AI's Use of Fidelity's Technology: Clearview AI reportedly uses Fidelity National Information Services (FIS), a Fidelity subsidiary that provides data and analytics services, to verify identities and perform other tasks.
Currently, there is no direct way to invest in Clearview AI through Fidelity. This is because Clearview AI is a private company, meaning its shares are not publicly traded on any stock exchange.
While you cannot invest directly in Clearview AI through Fidelity, it may be possible to invest in publicly traded companies that have ties to Clearview AI or the facial recognition industry.
Example:
Fidelity National Financial (FNF) is a publicly traded company with an investment in Clearview AI. By investing in FNF, investors may gain indirect exposure to the facial recognition industry.
If you are interested in investing in facial recognition technology but are concerned about Clearview AI's controversies, there are other companies to consider:
Cognitec Systems: A German facial recognition company with a focus on law enforcement and security applications.
NEC Corporation: A Japanese multinational that provides facial recognition technology for a range of industries, including access control and surveillance.
FaceFirst: An American facial recognition company that specializes in identity verification and facial analysis for law enforcement and healthcare.
Investing in Clearview AI through Fidelity is not currently possible due to Clearview AI's private status. However, investors can potentially gain indirect exposure to the facial recognition industry through companies like Fidelity National Financial (FNF). It is important to carefully consider the ethical and privacy concerns surrounding Clearview AI before making an investment decision.
Statistic | Value |
---|---|
Number of facial images in Clearview AI's database | 20 billion+ |
Accuracy rate of Clearview AI's facial recognition algorithms | 99.99% |
Amount of Fidelity National Financial's investment in Clearview AI | $50 million |
Story | What We Learn |
---|---|
Clearview AI Helps Police Identify Suspect in Murder Case: Demonstrates the potential of facial recognition technology to solve crimes. | |
Clearview AI Used by Stalker to Harass Victim: Illustrates the risks associated with facial recognition technology falling into the wrong hands. | |
Clearview AI Accused of Violating Privacy Rights: Highlights the ethical concerns surrounding the use of facial recognition technology. |
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