11 Hrs
Source:
Los Angeles Times
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Source: Los Angeles Times
11 HrsLos Angeles Times
Source: Los Angeles Times
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A federal lawsuit in California accuses major gas chains, including Walmart and 7-Eleven, along with Kalibrate, of using AI-powered software to collude and artificially inflate pump prices. The lawsuit alleges that Kalibrate’s software encourages stations to upload private data, which the AI then uses to recommend higher prices, potentially violating the state’s updated antitrust law that considers algorithmic price-fixing illegal. The case highlights growing concerns over how companies exploit technology like AI to manipulate prices amid rising consumer costs.
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