Earlier this year, New York City began testing one from Evolv Technologies at City Hall and Jacobi Medical Center in the Bronx. Mayor, who said he came across the system online, has been talking about the technology to combat gun violence for months. It has now emerged that two people who donated $1 million to support Adam’s mayor are leading work at companies with investments in Evolv reported first.
Investment firm Citadel CEO Kenneth Griffin last year donated $750,000 to Strong Leadership NYC, a political action committee (PAC) that supported Adams. Robert Granieri, founder of Jane Street Financial Services, donated $250,000 .
, Citadel held 12,975 shares of Evolv, a public company. It keeps another 89,900 available as call options for other investors. Jane Street held 76,570 shares as of May 17. The shares held by all shareholders 143.4 million, so both companies own a relatively small part of Evolv.
A spokesman for Adams said that news that the mayor didn’t know the names of Griffin and Granieri and wasn’t sure if he had met with them. The spokesperson said the technology was being used at other city hospitals before the start of a pilot of the Evolv system at Jacobi Medical Center in February.
New York has Use of AI weapon detection technology in transit systems, especially in the post on a subway train in Brooklyn last month. As notes that Evolv charges between $2,000 and $3,000 per scanner per month for a subscription. Installing one at every subway entrance and paying staff to run it would cost hundreds of millions of dollars a year. Given the cost, it’s unlikely the scanners would be ubiquitous.
The effectiveness of the Evolv system has also been questioned. Although the company hasn’t publicly disclosed its false positive rates, it has acknowledged the issue in promotional materials.
screenshots one received from said the system scanned 2.2 million people over a three-month period and there were more than 190,000 alerts. The vast majority of these involved innocuous items such as umbrellas, strollers, glasses cases and laptops. In this scenario, only 0.8 percent of the alerts were for actual weapons and only 0.1 percent were for non-law enforcement weapons. However, Evolv has claimed that the data in the screenshots is “fictitious” and came “from a demonstration account.”
A report from surveillance technology journal IPVM earlier this year that Evolv’s body scanners misidentified other objects as potential weapons, such as IPVM Superintendent Donald Maye said that news that Evolv’s system has a false alarm rate of between five and ten percent in settings such as sports stadiums (consistent with the data shown in the disputed screenshot). Maye suggested that the false-positive rate on subway scanners would actually be higher, leading to “secondary screenings” where cops search commuters.
Engadget has reached out to Evolv for comment.
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https://www.engadget.com/nyc-eric-adams-pac-donations-investor-gun-detection-system-evolv-technologies-185833516.html?src=rss Investors in gun detection technology tested at NYC City Hall donated to the Mayor’s PAC