GOP megadonor becomes new Clearview AI co-CEO
ID: f9213100-420c-5b59-ac39-71ae5fe3a3c9
STIX ID: report--f9213100-420c-5b59-ac39-71ae5fe3a3c9
Feed Name: The Record from Recorded Future News
Clearview AI has replaced CEO Hoan Ton-That with co-CEOs Hal Lambert and Richard Schwartz, aiming to grow federal business, with Lambert engaging DoD and DHS. Despite its vast facial recognition database, the company remains unprofitable and has limited, soon-expiring federal contracts (DHS, FBI), while facing significant legal and regulatory challenges, including a class action settlement granting Americans a collective 23% equity stake and over $100 million in fines from European data protection authorities.
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