How companies are using AI to make you spend more money
Summary
The report examines how companies use artificial intelligence and other sophisticated tools to set prices for goods and services. It says these pricing methods face greater scrutiny as many Americans express frustration with rising costs.Key Facts
- Companies seek to maximize profits.
- Companies use sophisticated tools to help determine prices.
- The tools affect prices consumers pay for goods and services.
- The report focuses on artificial intelligence as part of companies’ pricing practices.
- Rising costs have left many Americans frustrated.
- The pricing technology is under greater scrutiny.
- Economics correspondent Paul Solman explains how the technology affects prices.
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