4Policy·Jun 22
Gas Stations Accused of Using AI to Inflate Prices in California
A group of California consumers filed a lawsuit accusing major retailers and fuel companies, including Walmart, BP, and 7-Eleven, of using artificial intelligence to coordinate and inflate gasoline prices. The complaint alleges that these businesses leveraged pricing algorithms to maintain artificially high costs in a market that already faces the nation's most expensive fuel rates.
Covered by 2 sources
- BBloomberg Technology↗Leah NylenJun 22
- RReuters↗Jun 22