Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Stock

Texas AG wins $1.4B settlement from Facebook-parent Meta over facial-capture charges

Texas Attorney General Ken Paxton has won a $1.4 billion settlement from Facebook parent Meta over charges that it captured users’ facial and biometric data without properly informing them it was doing so.

Paxton said that starting in 2011, Meta, then known as Facebook, rolled out a “tag� feature that involved software that learned how to recognize and sort faces in photos.

In doing so, it automatically turned on the feature without explaining how it worked, Paxton said — something that violated a 2009 state statute governing the use of biometric data, as well as running afoul of the state’s deceptive trade practices act.

‘Unbeknownst to most Texans, for more than a decade Meta ran facial recognition software on virtually every face contained in the photographs uploaded to Facebook, capturing records of the facial geometry of the people depicted,’ he said in a statement.

As part of the settlement, Meta did not admit to wrongdoing. Facebook discontinued how it had previously used face-recognition technology in 2021, in the process deleting the face-scan data of more than one billion users. 

The settlement amount, which Paxton said is the largest ever obtained by a single state against a business, will be paid out over five years.

“This historic settlement demonstrates our commitment to standing up to the world’s biggest technology companies and holding them accountable for breaking the law and violating Texans’ privacy rights,’ Paxton said. ‘Any abuse of Texans’ sensitive data will be met with the full force of the law.â€�

A Meta spokesperson said in a statement that the company was ‘pleased to resolve this matter’ and that it looks forward to ‘exploring future opportunities to deepen our business investments in Texas, including potentially developing data centers.â€�

Paxton, an outspoken conservative who was nearly forced out as attorney general last year after he was impeached by the state’s House on abuse-of-power charges, has long railed against large tech companies while closely aligning himself with right-leaning figures in Silicon Valley like Elon Musk.

As a result, he has been floated as a potential U.S. attorney general in a second Trump administration, even as he still faces a federal investigation.

This post appeared first on NBC NEWS







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Investor Insight Silver prices breached $30/oz in the second half of May 2024 as investor demand drove prices to their highest in more than...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com