Investment in Facial Recognition Forges Ahead Despite Ethical Concerns

R. Bhattacharyya

Summary Bullets:

  • Despite public apprehension related to the privacy and accuracy of facial recognition, companies offering the technology continue to attract the attention of investors.
  • Suppliers of facial recognition technology are taking steps to address the ethical concerns raised by civil liberties organizations.

Despite the negative publicity around facial recognition, companies offering the technology continue to attract the attention of investors. This summer, U.S.-based Clearview AI raised $30 million from private investors; Israel-based AnyVision raised $235 million from SoftBank, Eldridge, and others.  Both companies have been embroiled in controversy around the use of their technology by law enforcement, but neither seems to be hindered by it.   Instead, both are using the opportunity to move the ethics conversation forward. Continue reading “Investment in Facial Recognition Forges Ahead Despite Ethical Concerns”