As artificial intelligence (AI) permeates nearly every sector, the rental market has become one of its newest frontiers. AI-driven algorithms can streamline processes like property pricing, tenant ...
Companies are increasingly using pricing algorithms and other AI systems to develop and improve their ability to promptly respond to market conditions, innovate product offerings, and set prices.
Minnesota legislators introduced a bill Feb. 19 to ban rent-fixing algorithms to prevent landlords from artificially using shared data to inflate rent prices. Rent price algorithms have increased rent ...
California companies that use algorithms to fix the prices of their products and services could now face stiff antitrust penalties if they continue to do so. … Governor Gavin Newsom signed California ...
California is poised to be the first state to directly prohibit algorithmic pricing through antitrust law, a move legal experts say could trigger similar legislation across the country. A bill signed ...