California lawmakers kill plans to curb AI-manipulated prices
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California lawmakers kill plans to curb AI-manipulated prices
"A crackdown on predictive software that sets prices and can rip you off seemed to be brewing in the California Legislature earlier this year, but today lawmakers eased up, voting to kill bills that would have kept software from setting the price of apartment rentals and other goods and services. Another bill, which sought to bar the use of personal information to set prices, was reined in to apply only to grocery stores."
"Legislators also delayed to next year decisions on bills that would require independent AI auditors to register with the state and mandate human oversight of AI used at places deemed critical infrastructure, like dams and wastewater systems. The legislative cullings came with the completion of the secretive suspense file process in the appropriations committees in both houses of the California Legislature, during which the fiscal impact of bills is considered before many are summarily killed without explanation."
California lawmakers voted to kill bills that would have restricted predictive pricing software from setting apartment rental and other prices and narrowed a proposal banning use of personal information for price-setting to grocery stores. Legislators also rejected a bill that would have required data centers to disclose energy usage and shielded utility customers from costs tied to data center proliferation. Rebecca Bauer-Kahan expressed disappointment and warned regulators would be unable to forecast demand without the law, leaving ratepayers to shoulder costs. Lawmakers postponed decisions on bills requiring independent AI auditors to register and mandating human oversight of AI at critical infrastructure, while many tech-related measures died in the appropriations suspense process.
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