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Stock impact report

False alarms, cost with AI weapons detection system in schools has city leaders concerned [CBS News]

Evolv Technologies Holdings, Inc. - Class A (EVLV) 
Last evolv technologies holdings, inc. - class a earnings: 3/27 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.evine.com
Company Research Source: CBS News
On Tuesday, the city's Public Safety Committee heard from school officials about its use inside schools. The system, Evolv, is installed in 27 city high schools. The Baltimore City School Board approved more than $5 million to install the system. "It seems to be serving as a deterrent in our schools where, again, we're not identifying a lot of weapons coming in," said Baltimore City Schools Chief of Staff Allison Perkins-Cohen. School leaders said across the 27 schools, the system processes 14,000 morning entries each day. Roughly 30% of entries trigger alerts. Nearly all are items, like laptops, cans, and drink containers. The school system said no weapons were detected last school year. However, during this school year, scanners detected one BB gun. City questions AI system Councilman Mark Conway, the chair of the committee, called this meeting following nationwide concerns and errors by Evolv. Conway referenced a settlement from the FTC alleging Evolv scanners "faile Show less Read more
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