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

Blockade of a Blockade: As Tehran Menaces Strait of Hormuz, US Tightens Vise on Iranian Shipping

U.S. forces patrol near the Iranian-flagged cargo ship M/V...

Will AI Answer for Chinas Economic Needs? Yes and No.

Milton EzratiAuthorMilton Ezrati is a contributing editor at The...

Fed Poised to Hold Interest Rates Steady at Jerome Powells Final Meeting as Chair

Federal Reserve Chair Jerome Powell speaks at a news...

US Pledges $100 Million to Repair Chornobyl Nuclear Plant

A visitor touring the former Chernobyl nuclear power plant...