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EXCERPT:
Gas station operators including BP, Circle K, Marathon, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of using artificial intelligence to boost prices at the pump.
According to a proposed class action, the defendants violated California’s main antitrust law, the Cartwright Act, by using an AI-based tool that uses data from competing gas stations to “coordinate high prices and wring more money from the pockets of consumers”.
The lawsuit in the Sacramento federal court said the scheme violated assembly bill 325, a California law that took effect on 1 January and was intended to crack down on algorithmic price fixing.