We’re Entering an AI Price-Fixing Dystopia
We’re Entering an AI Price-Fixing Dystopia
Algorithmic collusion appears to be spreading to more and more industries. And existing laws may not be equipped to stop it.
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Headline talks about AI, article talks about algorithms. Chasing that click bait I see.
🤓
A simpler time...
Of course, algorithms! The answer was right there all along!
You can't make algorithms without AI ;)
In their defence 99% of the population don't know the difference and no real meaning is lost because AI just means scary machine stuff to them.
True but every article about "AI" is really talking about something else.
In this case they're talking about "Algorithm Implementation"
You know AI is an algorithm?
It's probably ML.
a lot of AI is really just fancy statistics stuff. Years and years ago, I was doing an introductory lesson on some AI tools and the example given was predicting the price of rent or the price of a house. There's likely a mixture of the statistics part to predict and the algorithmic part to increase the amount and see if people bite.
It turns out, most will when everyone is using it bc being homeless kinda sucks.