Could AI make you pay more? New concerns over personalized pricing

Could artificial intelligence change the price you pay based on who you are? Consumer advocates are raising concerns about “personalized” or “surveillance pricing,” as new AI technology could potentially help retailers set prices.
Read more: https://www.boston25news.com/news/local/could-ai-charge-you-more-new-concerns-raised-about-personalized-pricing/KLFBEH6FVRF63NBYGCUSTTXQMA/
#ArtificialIntelligence #AI #PersonalizedPricing #SurveillancePricing #ConsumerNews #Walmart #ConsumerAlert #Technology #Massachusetts #Boston25 #Boston25News
Follow Boston 25 News on:
YouTube: https://www.youtube.com/@Boston25News
Facebook -- https://www.facebook.com/Boston25News
X -- https://x.com/boston25
Instagram -- https://www.instagram.com/boston25/
TikTok -- https://www.tiktok.com/@b25news?lang=en
Download the Boston 25 News app: https://www.boston25news.com/mobile-apps/
Video Summary
AI GeneratedThis report investigates \"surveillance pricing,\" where AI is used to set personalized prices based on consumer data. While Walmart has publicly denied using such technology to price individuals, investigations and patent filings suggest the capability exists. Consumer advocates warn that this practice allows companies to maximize profits by identifying the highest price a specific customer is willing to pay.
