AI Isn't Just Spying on You. It's Tricking You into Spending More
2 days ago
- #AI Surveillance
- #Dynamic Pricing
- #Consumer Rights
- AI is being used by companies to spy on shopping habits and manipulate prices.
- Loyalty programs, like McDonald's Monopoly, collect extensive consumer data to build psychological profiles.
- Instacart uses AI to vary prices for the same items, potentially costing customers up to $1,200 more annually.
- Dynamic pricing, enhanced by AI, targets customers based on geolocation and IP data to maximize profits.
- Public concern is growing, with 50% of Americans worried about AI and 61% wanting more control over its use.
- Legislative efforts to regulate AI pricing and wages face political hurdles.
- The AI bubble's growth benefits a few companies while risking consumer fairness and future economic stability.