A new federal lawsuit by California drivers accuses major gas chains, including Walmart and 7-Eleven, and technology company Kalibrate of using AI software to collude and keep pump prices artificially high. The case tests California’s updated antitrust law, which now treats algorithm-driven common pricing as potential price-fixing, amid statewide gas averaging $5.46 a gallon and growing scrutiny of corporate pricing tactics. Real estate and other industries already face probes into algorithmic and surveillance pricing, as Americans cite housing and energy costs as top worries and question whether genuine competition still exists. Read more. submitted by /u/losangelestimes
Originally posted by u/losangelestimes on r/ArtificialInteligence
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