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Maryland to ban A.I.-driven price increases in grocery stores

134 pointsby doenertoday at 1:24 AM75 commentsview on HN

Comments

BrenBarntoday at 7:38 AM

> Merchants face fines of $10,000 for running afoul of the law, and penalties of $25,000 for repeat offenses.

Another limp-wristed penalty. Why not something like "$1,000 per dollar that you received as payment for prices in violation"? Customer buys a $5 can of beans that was AI-priced, you owe $5,000. They buy another can, you owe another $5,000. You have it set for the whole store, wham, you now owe 1,000 times your gross revenue for that day. Better damn well not do it.

vjvjvjvjghvtoday at 1:46 AM

The end goal must be to emulate US healthcare where nobody knows what things cost and you find out only months or years after buying.

amazingamazingtoday at 2:06 AM

Why grocery stores only? It’s also unclear how this will change anything - don’t the grocery stores in richer areas already charge more? I’ve noticed Whole Foods prices are not the same across all stores even in the same state.

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odie5533today at 5:55 AM

This doesn't look like a cure for cancer like I was promised.

thunderstrucktoday at 4:06 AM

I'd like to see fair pricing for airlines tickets too.

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dlcarriertoday at 5:43 AM

Grocery stores have smaller margins and more options compared to pretty much any industry, yet politicians seem to think they are the cause of all of our ills.

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geuistoday at 2:31 AM

Doesn't this then open a market for "vpn style" apps that make everyone look broke? Get the lowest prices (ie market/baseline) on every interaction from food delivery to airplane tickets?

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HeartStringstoday at 5:07 AM

Why share locked articles? Why would you do such a thing?

MithrilTuxedotoday at 3:27 AM

Isn't the Free Market already a form of AI that does exactly that? How can you ban tools for measuring the value of things?

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emsigntoday at 7:31 AM

Good! Surveillance pricing needs to be regulated, it distorts supply and demand massively because one party (pricing service providers, big chain stores) has a MASSIVE information advantage other the others (end customers and small shop owners). It's going to finalize the transition from a free market to a oligopoly in the retail sector. It's basically socialism for a few powerful corporations.

SilverElfintoday at 1:33 AM

Why just grocery stores? Why not ban selling or purchasing our information to and from data brokers. Like for all uses.

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fuckinpupperstoday at 2:01 AM

That shit is evil

morkalorktoday at 2:44 AM

Isn't this level of price discrimination in a round about way just a worse form of communism? If the algo decides you can pay X% of your worth for an item, and X% of my worth for the same item even though the absolute dollar amounts are different, isn't that strange?

WalterBrighttoday at 2:00 AM

Another attempt to repeal the Law of Supply and Demand.

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