Facial Recognition’s New Battlefield | Bypassing Russia's Censors | Crypto’s Regulatory Pivot

Plus: Baseball’s Most Valuable Teams 2022: Yankees Hit $6 Billion As New CBA Creates New Revenue Streams

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Ukraine intends to identify dead Russian soldiers using facial recognition software supplied by Clearview AI—a move that could open a new, problematic frontier for the already highly controversial technology. We’re also covering how ad agencies are developing innovative solutions to bypass Russian censorship, and whether 2022 will mark the year big crypto exchanges finally come to terms with financial regulators. Finally, the baseball aficionados out there can’t miss this year’s ranking of MLB’s most valuable teams.

In The News Today

As NATO leaders gathered for an emergency meeting, Ukrainian President Volodymyr Zelensky called for global demonstrations as he marked one month of Russia’s invasion of his country. Follow our live blog for the latest news about the war and its repercussions. 

North Korea test-fired an intercontinental ballistic missile (ICBM), according to South Korean officials and multiple news reports, the first such launch since 2017.

Top Take-Aways

More action this week against assets of sanctioned Russian billionaires in Europe brings the total number of superyachts blocked, frozen or deregistered since the Russian invasion of Ukraine on February 24 to nine, worth a collective $1.6 billion. 

Controversial facial recognition company Clearview AI will supply its technology to the Ukrainian government free of charge to help them identify dead soldiers, aid in informing families, and add transparency to the Russian army’s death toll—but critics say the use of facial recognition in war zones is a disaster in the making.

The Kremlin’s crackdown on independent sources of information in Russia predates the invasion of Ukraine, but that has given activists time to come up with innovative strategies to override the censors—one of these involves lottery numbers.

Far from forcing a correction, the pandemic pushed the market into one of the strongest bull periods on record. Now, amid a geopolitical crisis and downward-trending stocks, some in the industry say the overheated venture capital climate is finally beginning to cool down.

Three media companies owned by mogul Byron Allen have filed a lawsuit against audience measurement agency Nielsen. The plaintiffs allege Nielsen offered an “outdated, unreliable and broken television ratings service” that cost them millions of dollars.

While a number of cryptocurrency exchanges are likely to continue to operate outside regulatory reach, the sheer number of newly announced licenses from sector leaders suggest that 2022 is poised to become the year of crypto regulations.

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New York Attorney General’s $2.6 million fine against Fareportal, an operator of several well-known travel agencies, is a warning to online travel agencies that deceptive marketing practices won’t be tolerated. 

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