
Artificial
Gas giants use AI to raise prices, lawsuit says, another algorithmic hit to the cost of living
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 algorithm...
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