New rules ban data-driven price discrimination and tighten oversight of algorithmic pricing on e-commerce platforms.
Artificial intelligence is becoming increasingly present in the business world, with more shoppers using the tech to navigate ...
One company choosing to use a quick and reactive pricing algorithm could lead its competitors to increase prices, leading customers to face higher costs across the board, according to a study led by a ...
“We can easily fill up a 20-yard dumpster driving around for a day without a problem. There’s just, you know, there’s certain spots around town that it happens often.” While more common during the ...
Online grocery delivery service Instacart used AI to charge different prices for the same item, up to 20% more for different shoppers, a new report says. An investigation from Consumer Reports and ...
Popular food delivery service Instacart has been using a shady algorithm that charges different prices to different customers on the same grocery items in the same supermarkets without telling them, ...
Winners & losers: As Black Friday deals flashed across screens in New York this year, some shoppers saw something new beneath the price tag: a short, blunt line of text. "This price was set by an ...
ALBANY — Artificial Intelligence companies have the right to decide how much New Yorkers pay in rent, according to a federal lawsuit filed against the state attorney general's office last week on ...
New Yorkers got a little more visibility this week into when apps like Uber and DoorDash use algorithms to set prices. The state's Algorithmic Pricing Disclosure Act took effect on Monday. Under the ...
It’s the first statewide ban on algorithms designed to drive up rent. It’s the first statewide ban on algorithms designed to drive up rent. is a NYC-based AI reporter and is currently supported by the ...
The legislation prohibits property owners or managers from using software that relies on private information to set rents, what lawmakers say amounts to price-fixing and artificially inflates the cost ...
A new study from MIT suggests the biggest and most computationally intensive AI models may soon offer diminishing returns compared to smaller models. By mapping scaling laws against continued ...