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States Ban AI Surveillance Pricing Amid Consumer Pushback
PYMNTS·
Numerous states are enacting bans on "surveillance pricing," a practice where retailers use sophisticated AI to set individualized prices based on personal data. This move comes in response to growing consumer and advocacy group opposition. Critics argue that AI-driven pricing strategies can exploit personal information, leading to unfair pricing for consumers. The trend highlights increasing scrutiny of algorithmic pricing models and their potential impact on market fairness and consumer trust.
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regulation
ai
fintech
Original Source
PYMNTS — pymnts.com