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 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.
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.
Evolv down 13% after proposed FTC settlement order over false claims
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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.
FTC finds Evolv ‘made false claims,' ‘misrepresented' weapons detectors' capabilities
The Federal Trade Commission is taking action against weapons detection company Evolv Technologies, claiming the Massachusetts-based company engaged in “deceptive acts” by making false claims and misrepresenting what its detectors could do.
Evolv Announces Resolution of FTC Inquiry
Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced that it has resolved the United States Federal Trade Commission's (FTC) inquiry into certain aspects of the Company's prior marketing claims.
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 resolution with FTC a net positive, says Cantor Fitzgerald
Cantor Fitzgerald says Evolv’s (EVLV) resolution with the Federal Trade Commission is a net positive for the business. There is no monetary ...
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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 ...
Federal investigators seek records from Evolv, firm behind NYC’s subway weapons scanners
Federal investigators in Manhattan are seeking records from Evolv Technologies, the controversial manufacturer of weapon ...
CFO, four employees to leave Evolv after revenue investigation
Evolv Technology has parted ways with its CFO and four employees as a result of its internal investigation into revenue that ...
FTC files complaint against security system used at Columbus high schools, zoo and Lower.com Field
The FTC alleged that Evolv’s Express scanners failed in several instances to detect weapons in schools while flagging ...
Evolv sees $3.9M of ARR possibly impacted by right to cancel
Technology announced that it has resolved the United States Federal Trade Commission’s inquiry into certain aspects of the ...