March 29, 2024

Coinbase tests Clearview AI face recognition technology

American cryptocurrency exchange Coinbase is testing Clearview AI facial recognition technology to improvesecurity level.

Artificial Intelligence Clearview AI"Combes" sites and social platforms for collecting data and images, but the collection of such information occurs without the consent of users. Clearview previously stated that the technology was originally intended for law enforcement agencies in the United States and Canada. Clearview AI is already used by over 2,200 companies and financial institutions around the world. These may include Coinbase.

The management of the exchange explained that the softwareClearview AI software has been tested to improve site security and ensure compliance with legal requirements. At the same time, the exchange specified that it did not use customer data when testing the technology.

Coinbase announced a trial of Clearview AI tofind out how much the service can improve measures to protect employees and offices of the exchange from physical threats, as well as to investigate cases of fraud. To date, Coinbase is only testing the product and does not use it in its activities.

In February 2018, the Coinbase exchange was criticized for planning to hand over detailed information about the cryptocurrency transactions of 13,000 customers to the IRS.

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