Gas giants raise prices with AI in another hit to living costs, lawsuit says - Los Angeles Times
Los Angeles Times
A new class-action lawsuit alleges that gas companies are using AI-powered software to collude and artificially inflate fuel prices in California.Summary
A class-action lawsuit filed in California accuses gas companies and the software firm Kalibrate of using AI algorithms to engage in price-fixing. The suit alleges that by sharing private pricing data through Kalibrate’s platform, companies can coordinate to maintain higher fuel costs, circumventing traditional antitrust prohibitions on direct collusion. This case reflects a growing legal trend—similar to recent actions against property management software like RealPage—scrutinizing how AI and data analytics are used to manipulate market prices at the expense of consumers.
(Source：Los Angeles Times)