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The Federal Trade Commission announced this week that it’s ordering eight companies that offer AI surveillance pricing products and services to turn over information about the impact these pricing schemes have on privacy, competition, and consumer protection.
“Firms that harvest Americans’ personal data can put people’s privacy at risk. Now firms could be exploiting this vast trove of personal information to charge people higher prices,” FTC Chair Lina Khan said in a statement. “Americans deserve to know whether businesses are using detailed consumer data to deploy surveillance pricing, and the FTC’s inquiry will shed light on this shadowy ecosystem of pricing middlemen.”
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