New York becomes the first US state to require that retailers disclose using algorithmic pricing tied to personal data; 10+ states are considering similar bills
The new law seeks to prevent retailers from ripping off consumers by using artificial intelligence and their personal data to charge them higher prices.
“NY became the first state to enact a law targeting a practice, typically called personalized pricing or surveillance pricing, in which retailers use artificial intelligence and customers' personal data to set prices online.” — Didn't realize this was happening. — (It's the G…