Recent bills introduced in the Senate aim to augment the current antitrust laws by calling out algorithmic collusion—which can be greatly enhanced by AI.
It’s part of a broader attempt by antitrust enforcers and their allies in Congress to get ahead of the incoming market impacts of artificial intelligence before potential harms are baked in. And recent experience with algorithmic pricing suggests that some harms are pretty easy to predict.
Smoke-filled Digital Rooms
Gone are the old-school days of colluding with competitors in a dark room full of cigar smoke. As alleged in recent cases claiming that algorithmic collusion fixed ...
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