Clearview AI is positioning itself for a major expansion that is already generating major controversy. At a December financial presentation, the New York-based firm reportedly predicted it will have 100 billion facial images in its database by the end of 2022 — or about 14 photos for each of the earth’s 7 billion people. And there is said to have been talk of surveilling gig economy workers, identifying people based on how they walk and remotely scanning fingerprints. While the company’s 34-year-old founder and chief exec Hoan Ton-That is careful to present the firm as a crime-fighting tool, its broader implications are chilling. Continue reading Clearview AI Courts Investors While Facing Privacy Pushback

Twitter net income dropped 20 percent in Q4, but the company posted revenue gains for both the quarter and the year, up 22 percent to $1.57 billion for the three months ending December 31, and 37 percent for the year, which closed at just over $5 billion. Net income was $182 million in Q4, versus $222 million in 2020, due to increased costs in areas such as hiring and marketing. Twitter announced a $4 billion stock buyback and said it would maintain its aggressive Q4 2023 goal of 315 million monetizable Daily Active Users (mDAUs). Continue reading Twitter Revenue Tops $5 Billion in 2021, Up 22 Percent in Q4

Meta Platforms released its Q4 earnings on February 2, at which time several media outlets have become quite exercised over the fact that the company’s flagship social media platform, Facebook, reported that daily and monthly active users were “1.93 billion on average” and “2.91 billion,” respectively, in both Q4 and Q3, i.e., “flat,” as in zero growth. While sequential quarterly analysis can be a useful metric, it is more relevant when analyzing startups. For mature companies, a year-over-year analysis that compares like quarters is the Wall Street norm. Launched in 2004, Facebook turns 18 this year. Continue reading Meta’s Future Pondered as Facebook Matures, Growth Slows

Snap Inc. ended 2021 with its first net profit on quarterly results since going public in 2017, with Q4 earnings of $22.5 million versus last year’s net loss of $113 million during the same period. The company’s Q4 revenue of $1.3 billion marked a 42 percent increase year-over-year, while Snapchat’s daily active users rose 20 percent to 319 million, beating analyst estimates on both counts, which sent Snap stock soaring last week. In 2022, Snap has to contend with Apple’s iOS privacy changes, something Meta Platforms forecasts will take a $10 billion bite out of its own earnings.  Continue reading Snap Notches First Quarterly Profits on $1.3 Billion Revenue

There are signs a Big Tech backlash could have sweeping ramifications in U.S., Europe, Australia and elsewhere, rewriting the rules for how major technology companies deal with everything from startups to artificial intelligence. Foes of the tech titans may even be leveraging the mood of general hostility toward antitrust tactics exhibited by lawmakers around the globe by seizing the moment to press for changes in the regulation of transatlantic data flows, digital advertising, and self-dealing in addition to new rules circumscribing facial recognition and use of consumer data. Silicon Valley is said to be taking the threat seriously. Continue reading Regulatory Fervor Has Worldwide Reverberations for Big Tech

Matter was a big player at CES 2022. Built around the premise that smart homes need a single, unifying interface standard that makes devices “secure, reliable and seamless to use,” the Matter alliance now has more than 220 member companies, including Apple, Comcast, LG and Samsung. Amazon announced developers can add Frustration-Free Setup on Matter-certified devices using the Matter SDK, and Google declared its Fast Pair simple setup is supporting Matter. As companies build new smart products, Matter believes that users should merely plug them in to make them operational on the home network. Continue reading CES: Support for Matter Helps Drive Smart Home Momentum

The smart home sector has been evolving for at least a decade but when COVID-19 created the necessity for remote working, millions of people had a personal and very eye-opening experience in their homes. CTA senior director of member programs Melissa Matalon led a discussion with Michael D. Ham, president and co-founder of global wellness company RePure, and Ian Bryant, senior director of strategic partnerships at CEDIA, the trade group for the home technology industry. “A decade ago, health and wellness wasn’t relevant to smart homes,” noted Ham. “Now that people are spending so much more time at home, wellness is on everyone’s minds,” said Matalon. Continue reading CES: Remote Work Advances Adoption of Smart Home Tech

During a panel at CES 2022, CTA specialist in government affairs Quentin Scholtz queried panelists from government and technology on their priorities and plans for stepping up effective enforcement against cyberattacks, especially those originating from nation states. Jamie Susskind, tech policy advisor for Senator Marsha Blackburn (R-Tennessee); former U.S. representative Will Hurd (R-Texas); and Samsung Electronics senior manager and counsel of public policy Eric Tamarkin offered complementary priorities on how to act in 2022 and going forward. Continue reading CES: Government, Tech Firms Partner to Curtail Cyberattacks

During CES this week, CTA senior vice president of political and industry affairs Tiffany Moore led a discussion on the contentious issues surrounding privacy in an evolving digital landscape. With her, former FTC acting chair Maureen Ohlhausen was joined by Asad Ramzanali, legislative director to Representative Anna Eshoo (D-California), and Dr. Carlos Nunez, ResMed chief medical officer. Ohlhausen noted that the FTC is the primary agency tasked with privacy issues, based on a 1938 law passed by Congress prohibiting “unfair and deceptive acts or practices.” Continue reading CES: Stakeholders Debate the Complex Issues of Privacy 3.0

Facebook continues to feud with the European Union over data transfers to the U.S., which the EU’s highest court twice prohibited. “Facebook has been ignoring EU law for 8.5 years now,” says privacy advocate Max Schrems, whose 2013 complaint against Facebook prompted the Court of Justice of the European Union (CJEU) to conclude that the U.S. did not offer sufficient protection for EU data and transfers should stop. Schrems says the social giant takes “the view that the Court of Justice is wrong — and Facebook is right. It is an unbelievable ignorance of the rule of law.” Schrems has now obtained an internal Facebook document that explains the company’s justification. Continue reading Doc Reveals Theory Behind Facebook’s Defiance of EU Court

When it comes to vacuuming-up consumer data, there is no distinction between that which is “personally identifiable” and that which is not, according to recent media reports. Data collection firms are reportedly hiding behind a false notion of privacy in order to keep Congress on track to allow the industry to police itself. This would enable the companies to continue mining personal information and selling it, whether to those trying to influence election outcomes, pharmaceutical firms trying to boost sales or insurance companies sniffing around for preexisting conditions. Continue reading Lawmakers Troubled About Rampant Sale of Consumer Data

Human rights are center stage in a Congressional request to the U.S. Treasury Department for sanctions against Israeli spyware firm NSO Group and three additional foreign surveillance companies that allegedly aided authoritarian governments in committing criminal moral abuses. In a letter signed by Senate Finance Committee chairman Ron Wyden (D-Oregon), House Intelligence Committee chairman Adam Schiff (D-California) and 16 other Democratic lawmakers, Treasury was also asked to slap down UAE cybersecurity firm DarkMatter, European bulk surveillance mills Nexa Technologies and Trovicor, and top executives at those firms. Continue reading Lawmakers Urge Treasury Sanctions Against Spyware Firms

The U.S. Senate has introduced the bipartisan Platform Accountability and Transparency Act (PATA), which if passed into law would allow independent researchers to sue Big Tech for failing to provide requested data. The move follows last week’s Instagram hearing, where leaked internal research suggested the platform’s negative effects on the mental health of teens. On December 6, an international coalition of more than 300 scientists sent an open letter to Mark Zuckerberg — CEO of Meta Platforms, the company that owns Instagram and Facebook — requesting the social behemoth voluntarily share research. Continue reading Senate Wants Social Firms to Pay for Holding Back Research

Personal data is fueling a $455.3 billion online advertising market, and a crop of new startups wants consumers whose information creates the value to get a piece of that action. Among the startups are Brave Software, Tapestri, Reklaim and Streamlytics. Now real estate billionaire Frank McCourt has committed $250 million to fund Project Liberty, which he hopes will restyle the web as a platform owned by the public. Of that amount, McCourt — former owner of the L.A. Dodgers — earmarked $25 million to create a decentralized social networking protocol that aims to reinvent the model for consumer data governance online. Continue reading Startups Want Consumers to Be Paid for Their Personal Data

From fast food to sporting goods, companies are harvesting and hoarding consumer data at a record pace in an attempt to maintain ad targeting at a time when government and Big Tech are erecting privacy firewalls. In the past, brands could rely on their platform partners to supply much of the data necessary for focused advertising. All that changed this year when Apple rolled out a new policy restricting how customers could be tracked on its devices. Google is said to be readying a similar revamp for Chrome. Meanwhile, California and Europe have passed new consumer privacy laws.  Continue reading Brands Adapt as Privacy Concerns Chill Advertising Business