Can You Invest in Clearview AI Through Fidelity?

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.

What is Clearview AI?

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.

  

Can You Invest in Clearview AI Through Fidelity?

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.

Investing in Clearview AI Indirectly

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.

Alternatives to Investing in Clearview AI

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.

Conclusion

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.

Table: Key Figures Related to Clearview AI

Table: Stories About Clearview AI's Impact

Effective Strategies for Investing in the Facial Recognition Industry

• Consider investing in publicly traded companies with ties to the facial recognition industry, such as Fidelity National Financial (FNF).
• Research the companies you invest in to understand their ethical practices and privacy policies.
• Diversify your investments across multiple companies to mitigate risk.
• Monitor the regulatory landscape surrounding facial recognition technology as it continues to evolve.

Common Mistakes to Avoid When Investing in Clearview AI

• Investing directly in Clearview AI, as it is a private company.
• Investing in companies with questionable ethical practices or privacy policies.
• Putting all your eggs in one basket by investing too heavily in a single company.
• Ignoring the potential risks associated with facial recognition technology.

Pros and Cons of Investing in Clearview AI or the Facial Recognition Industry

Pros:

• Potential for high returns as the facial recognition industry grows.
• Opportunity to support companies developing cutting-edge technology.
• May contribute to solving crimes and improving security.

Cons:

• Ethical and privacy concerns surrounding facial recognition technology.
• Limited investment options due to Clearview AI's private status.
• Potential for regulatory changes that could impact the industry.