There's also this this concern over AI collusion. So this is the idea that I have an AI to set prices and one of my competitors has an AI to set prices and the two AIs work together to just raise price >> like for price fixing. >> Indeed, this has already happened at least according to an FTC complaint against Amazon.So, Amazon tried out this AI, according to this FTC complaint, which Amazon disputed, tried out this AI that would essentially raise prices briefly and then see whether competitors would raise ...

On this episode of the Everybody's Business podcast, @chafkin and @svaneksmith unpack the controversy around artificial intelligence pricing, and how companies are disputing claims that AI is being used for price fixing https://t.co/i51n7zR9iH https://t.co/8WaUnPa82Z ...