Tag: Peter Thiel

‘It’s creepy’: The secretive company co-founded by an Australian that might end privacy as we know it

Tina Marie (Ms. Cat)

In addition to Ton-That, Clearview was founded by Richard Schwartz — who was an aide to Rudy Giuliani when he was mayor of New York — and backed financially by Peter Thiel, a venture capitalist behind Facebook and Palantir.
— Read on www.theage.com.au/technology/it-s-creepy-the-secretive-company-co-founded-by-an-australian-that-might-end-privacy-as-we-know-it-20200119-p53sod.html

Freddie Mac Using Shady AI Company for Mortgage Loans

Tina Marie (Ms. Cat)

Here’s what the Journal didn’t report: ZestFinance is currently entangled in a class action lawsuit for dodging state-imposed limits on exorbitant payday lending interest rates. This is at least its second time in court over these issues. The Journal also neglected to note how one of the company’s venture capital backers has direct ties to President Donald Trump’s American AI Initiative, which could allow taxpayer dollars to flow through ZestFinance back into his pocket.

Press coverage of ZestFinance has barely discussed these salient facts. That’s why the House Financial Services Committee needs to conduct an oversight hearing of the company’s new relationship with Freddie Mac.
— Read on prospect.org/power/freddie-mac-using-shady-ai-company-for-mortgage-loans-ZestFinance/