AI Price Tag Shenanigans: Congress Takes Aim at Sneaky Surveillance Pricing
In a bold move, two Democratic lawmakers introduced the Stop AI Price Gouging and Wage Fixing Act, aiming to halt AI surveillance in setting prices and wages. They argue that giant corporations are using our data to squeeze every last penny, leaving consumers feeling like their wallets have been mugged by a robot.
Hot Take:
Ah, the sweet scent of AI—it’s like that awkward cousin at family dinners: intriguing but potentially disastrous. Just when we thought AI was busy writing poems or driving cars, it’s out here setting our prices and wages. Congress has decided it’s time to pull the plug on AI price-gouging before we all end up paying $20 for a cup of coffee and earning peanuts for our troubles. But will they succeed? Let’s just say the odds are as good as finding a unicorn in your backyard.
Key Points:
- Legislation introduced to ban AI surveillance from setting prices and wages.
- Delta Airlines already uses AI for dynamic pricing, plans to expand.
- AI pricing practices have stirred controversy among politicians and the public.
- The Stop AI Price Gouging and Wage Fixing Act aims to curb these practices.
- FTC has acknowledged “surveillance pricing” and its potential expansion.