"An investigation found that the grocery app Instacart used an artificial intelligence-powered algorithm that charged customers differently for each item by as much as 23%. This practice raised alarms about how retailers utilize personal data to set individualized prices."
"With many Americans struggling to afford the basics, consumers and state lawmakers alike are becoming more concerned about how retailers are using algorithms to price products. The reliance on personal data for pricing decisions has sparked significant debate."
Surveillance pricing and algorithmic price fixing allow corporations to charge consumers varying prices based on personal data. An investigation revealed significant price discrepancies for the same grocery items, with charges differing by as much as 23%. As many Americans face financial challenges, there is growing concern among consumers and lawmakers regarding the use of algorithms in pricing. Some states are proposing measures to require companies to disclose their pricing practices to address these issues.
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