The article discusses the potential risks of artificial intelligence (AI) being used for pricing discrimination, as highlighted by Lina Khan, the chair of the Federal Trade Commission (FTC). Khan warns that AI algorithms could be used to charge consumers different prices based on factors like their location, income level, or browsing history, leading to unfair and discriminatory pricing practices. She emphasizes the need for regulatory oversight and enforcement to prevent AI from being misused in ways that harm consumers. The article also mentions Khan’s broader concerns about the power of large tech companies and the potential for AI to exacerbate existing inequalities. It highlights the FTC’s efforts to scrutinize the use of AI and algorithms by businesses to ensure they comply with consumer protection laws and do not engage in deceptive or unfair practices.
Source: https://www.businessinsider.com/ftc-chair-lina-khan-warns-ai-pricing-discrimination-risks-2024-9