Firms including BP and 7-Eleven accused of coordinating prices to ‘wring more money from pockets of consumers’
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”.
Continue reading...
