Companies are charging ahead with AI, aiming to squeeze every red cent out of our grimy paws. Well, they have to pay for AI somehow, right? Expect:
1) prices will be hidden so you have to use an app to see them. This allows…
2) prices will no longer be shared. The aim is to charge everyone the most they will bear, so if you are profiled as wealthy, ignorant, or really need the product - expect to pay more.
3) What's more, you won't even know it. (see point 1, AI can display different prices to different profiles)
Quick hits:
2:47 Online age verification is one way AI is getting new data is to match up individual data with shopping history.
5: 33 Delta seeks to use AI to price fares at the "pain points" of each individual.
9:30 Walmart using digital displays to hide price increases . You will have to use their app to see prices for some of their products.
11:10 Kroger eliminating prices from shelves/products replaced with rotating digital displays that you must wait until the price of the product you want is displayed. Using loyalty members data to train the model. Demand pricing - changing prices by time of day and how much the AI feels you need the product.
Summary:
Sucks to be us. Loyalty cards are a real trap, but you will charged more you if you are not a loyalty member.
IMO, there should to be a law allowing everyone the opportunity to pay the same price, but I'm sure some of our business folks are going to disagee.
AI Price Gouging: Corporate Greed Is Out of Control
1) prices will be hidden so you have to use an app to see them. This allows…
2) prices will no longer be shared. The aim is to charge everyone the most they will bear, so if you are profiled as wealthy, ignorant, or really need the product - expect to pay more.
3) What's more, you won't even know it. (see point 1, AI can display different prices to different profiles)
Quick hits:
2:47 Online age verification is one way AI is getting new data is to match up individual data with shopping history.
5: 33 Delta seeks to use AI to price fares at the "pain points" of each individual.
9:30 Walmart using digital displays to hide price increases . You will have to use their app to see prices for some of their products.
11:10 Kroger eliminating prices from shelves/products replaced with rotating digital displays that you must wait until the price of the product you want is displayed. Using loyalty members data to train the model. Demand pricing - changing prices by time of day and how much the AI feels you need the product.
Summary:
Sucks to be us. Loyalty cards are a real trap, but you will charged more you if you are not a loyalty member.
IMO, there should to be a law allowing everyone the opportunity to pay the same price, but I'm sure some of our business folks are going to disagee.
AI Price Gouging: Corporate Greed Is Out of Control