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10.06.2020

IBM stops selling facial recognition technology

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The company’s stocks plunged nearly 3% on the announcement

Stocks impacted: IBM (IBM)

Citing concerns about how the technology can be used for mass surveillance and racial profiling, the computer giant announced that it no longer sells general-purpose facial recognition or analysis software. Also, the company offered to work with Congress in three policy areas such as police reform, responsible use of technology, and broadening skills and educational opportunities. IBM made this announcement in a letter addressed to two U.S. senators and three members of the House of Representatives. As IBM increasingly focused on cloud computing, this decision is unlikely to affect its bottom line. However, the company’s stocks plunged nearly 3% on the announcement.

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