Evolv Technologies Resolves FTC Inquiry Into Marketing Claims
The proposed settlement order would ban Evolv from making unsupported claims about its products, and require the security technology company to give certain K-12 school customers the option to cancel their contracts.
Evolv Technologies settles FTC complaint on accuracy of weapons detection system
Evolv Technologies (NASDAQ:EVLV) has agreed to a proposed settlement with the U.S. Federal Trade Commission to address allegations from the government that the company made false claims about its AI-powered weapons detection system.
Evolv down 13% after proposed FTC settlement order over false claims
EST Evolv (EVLV) down 13% after proposed FTC settlement order over false claimsDon't Miss our Black Friday Offers:Unlock your investing
FTC: AI ‘Weapons Detection’ Co. Evolv Misled Schools About its Safety Abilities
The Federal Trade Commission has accused a company that makes AI-powered security screening systems for some 800 schools across 40 states of promoting false claims about its ability to detect weapons and keep kids safe.
FTC sues Evolv over claims about its AI-powered security system
The Federal Trade Commission (FTC) is taking action against Evolv Technologies, alleging the company made false claims about its AI-powered security scanne
Evolv Technologies announces resolution of FTC inquiry
The FTC's proposed settlement would prohibit misrepresentations and allow affected schools to opt out of current contracts for security screening systems.
FTC Release: FTC Takes Action Against Evolv Technologies for Deceiving Users About its AI-Powered Security Screening Systems
The Federal Trade Commission is taking action against Evolv Technologies over allegations that the company made false claims about the extent to which its AI-powered security screening system can detect weapons and ignore harmless personal items,
FTC Settles With Security Firm Over AI Claims Under Agency's Compliance Program
"The Evolv Technologies enforcement action shows that the FTC’s Operation AI Comply will continue to crack down on companies ...
Business Insider1d
Evolv announces resolution of FTC inquiry
While Evolv disagrees with the FTC’s allegations, and has not admitted any wrongdoing, it has chosen to resolve the matter to focus on its core mission of protecting lives through innovation and ...
Feds Say Evolv Is Over-Hyping AI Tech in Gun Detectors
In the proposed FTC settlement order, Evolv would be banned from making unsupported claims about its products’ ability to detect weapons by using artificial intelligence and would also have to give ...
Federal prosecutors seek records from company that deployed AI weapons scanner on NYC subway
Federal investigators in New York have requested records from the manufacturer of an AI-powered weapons scanner that was ...
Sports Business Journal1d
How will continued negative headlines impact Evolv and its sports venue business?
Evolv will hope the post-internal investigation clear-out assuages clients and shareholders’ concerns (and actually has an ...