Facial recognition startup Clearview AI under fire after NYT scandal
New York-based facial recognition startup Clearview AI, already under criticism for false advertising regarding the accuracy of its technology and falsely claiming involvement with the NYPD police's investigations, may now face legal action after a New York Times reporter presented evidence that Clearview AI used their app to identify and engage police officers who were speaking with journalists about their company.
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Coca-Cola halts social media advertising campaign
“There is no place for racism in the world and there is no place for racism on social media,” Coca-Cola CEO and Chairman, James Quincey, said in a statement as the company announced that it will be pausing advertising on all social media platforms globally. The company clarified it was not joining the official boycott, but said “we are pausing” advertising
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CNBC
3M CEO tells Trump mask demand too great
Mike Roman, the CEO of US-based mask and worker safety equipment manufacturing company 3M, has stated amid US President Donald Trump's invocation of the Defense Production Act that his company cannot meet the demand for masks in the country. Roman revealed that the industry only has the capacity to make 50 million N95 masks each month, while healthcare workers need 300 million to fight the coronavirus pandemic.
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Marketwatch
Dow Jones plunges again
Dow Jones plunges again
Stocks in US markets today continued to plunge due to the coronavirus crisis coupled with the Saudi-Russian oil price war, with the Dow Jones industrial average dipped below the 22,000 level after suffering its worst first quarter in the institution's entire 135-year history. Major financial institutions like Goldman Sachs and JP Morgan predict an unprecedented first-quarter contraction in the US economy of between 25 to 34 percent.
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BusinessInsider
Starbucks closes most locations due to coronavirus pandemic
The largest coffeehouse chain in the world, Starbucks has announced that it is closing down most of its locations in the United States and Canada for a two-week period due to the COVID-19 pandemic, with the exceptions being its franchises in or near hospitals that serve healthcare personnel and emergency responders. Most locations will also still offer drive-through and delivery services.
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CNN