Around the Net

AI Increasingly Setting Retail Prices

The Wall Street Journal considers how artificial intelligence is increasingly being used to set the prices for everything from gas to gum. “These kinds of algorithms determine the optimal price sometimes dozens of times a day,” it writes. Unfortunately for consumers, however, “As they get better at predicting what competitors are charging and what consumers are willing to pay, there are signs they sometimes end up boosting prices together.”

Read the whole story at Wall Street Journal »

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