saboringdystopia·A Boring Dystopiabyspookedintownsville Real estate software provider used AI-powered algorithms to drive up rents, DoJ lawsuit sayshttps://cybernews.com/ai-news/realpage-antitrust-lawsuit-ai-algorithms-rental-price-increases/Open linkView original on lemmy.world104Comments5
eecho lemmings.world2Hide 2 repliesOf course they did... highly unlikely they actually get punished, though. And the AI has nothing to do with it...13
jjacksilver replylemmy.worldYeah, I does feel like "algorithm" is doing a lot of heavy lifting for the "coordinate pricing between rental properties" bit.8
ttechnocrit replylemmy.dbzer0.com... cause "AI" doesn't exist... It's just fuel for clickbait and grifters. You don't need Wall-E to fix prices ffs.1
ttechnocrit lemmy.dbzer0.comI guess they gotta profit from deprivation and exploitation the old fashioned way... Price fixing informally, politically, etc.3
Deniable collusion and price fixing as a service is their business model.
Of course they did... highly unlikely they actually get punished, though. And the AI has nothing to do with it...
Yeah, I does feel like "algorithm" is doing a lot of heavy lifting for the "coordinate pricing between rental properties" bit.
... cause "AI" doesn't exist... It's just fuel for clickbait and grifters. You don't need Wall-E to fix prices ffs.
I guess they gotta profit from deprivation and exploitation the old fashioned way... Price fixing informally, politically, etc.