Instacarts AI Program Changes Pricing on Identical Goods, Study Finds

Date:

A photo illustration of the Instacart logo. Justin Sullivan/Getty ImagesInstacart’s artificial intelligence (AI) price-optimization software, dubbed Eversight, charged customers higher prices for identical grocery orders by as much as 23 percent, a recent investigation found.The online delivery service confirmed on Dec. 9 that it is using Eversight to conduct ongoing pricing experiments with 10 grocery retailer partners with the goal of optimizing price markups on goods consumers want the most. Retail markups and same-as-store pricing policies are controlled by retailers, the company noted.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Cuban Leader Diaz-Canel Says Regime Held Talks With US to Find Solutions

On March 9, Trump suggested the regime in Havana...

US Increasingly Striking From Inside Irans Airspace as It Gains Air Dominance: Hegseth

ARLINGTON, Va.—Secretary of War Pete Hegseth announced on March...

FDA Expands Approval of GSKs Respiratory Syncytial Virus Vaccine

Adults as young as 18 can now receive the...

US Growth Nearly Stalls as 4th Quarter GDP Revised to 0.7 Percent

The 43-day government shutdown weighed heavily on fourth-quarter economic...