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 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 Technology's AI Scanner Made False Claims on Its Capabilities, Now Settling Case With FTC
Multiple controversies have already been faced by Evolv Technology concerning their AI scanners that could allegedly detect all kinds of weapons, but several use cases served as examples that proved them wrong.
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
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 announces resolution of FTC inquiry
The focus of the inquiry was related to how Evolv's technology was described for a period of time in historical marketing materials.
Evolv down 13% after proposed FTC settlement order over false claims
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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.
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 ...
Evolv Technologies Holdings, Inc. Is Being Sued For Violating Securities Laws And Shareholders With Losses Are Urged To Contact The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / November 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a ...
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 ...
Sports Business Journal5d
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 ...
Business Insider1d
Evolv Technologies (EVLV) CFO Now Out After CEO Terminated And After Admitting To Improper Revenue Recognition - Hagens Berman
San Francisco, California--(Newsfile Corp. - November 29, 2024) - On Nov. 21, 2024, Evolv Technologies Holdings (NASDAQ: EVLV) announced that its Chief Financial Officer Mark Donohue resigned and ...
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 ...
Company providing AI security system to local schools settles with FTC over marketing
The FTC and a company that provides area school districts with AI weapons screening devices reached a proposed settlement ...
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 ...