Image Recognition
Article contentLONDON — A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. Try refreshing your browser, or Investors call for ethical approach to facial recognition technology Back to videoThe initiative shows how fund managers are increasingly taking up policy issues that were once considered fringe subjects for shareholders as retail investors pour billions of dollars into funds focused on ethical and sustainability criteria. Human rights advocates say face recognition technology, which can be used to unlock smart phones or verify bank accounts, also has the potential to be used by governments to track citizens and suppress political dissent. The investor group said it would begin a two-year process of engagement with companies developing or using the technology. It said it considers 34 companies to be leaders in facial recognition, including Amazon, Facebook, and Asian tech companies Alibaba and Huawei.