AI-powered pricing is altering procuring: firms use client knowledge to cost totally different folks totally different costs for a similar product. Consumer Reports’ Grace Gedye explains the way it might hit your pockets and what you are able to do to keep away from it.
0:00 Algorithmic pricing: what it’s and why you must care
3:08 Instacart makes use of AI to cost some clients 23% extra for a similar merchandise
7:47 Why firms are hiding their pricing ‘experiments’
11:16 How widespread is algorithmic pricing?
12:28 Does algorithmic pricing differ from different pricing schemes?
15:01 What protections customers have towards algorithmic pricing
17:38 Can customers keep away from customized pricing?
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