AI surveillance pricing could make you pay more than your neighbor

Could artificial intelligence use your personal data to charge you more than someone else for the exact same product?

U.S. lawmakers are examining the growing use of AI surveillance pricing, in which companies may use information such as location, browsing activity, shopping habits and family circumstances to personalize prices.

CGTN's Sean Callebs spoke with Jennifer Golbeck, Professor at the University of Maryland's College of Information, about how data brokers collect and sell consumer information, why AI-powered pricing is raising concerns and where regulation may be needed. The discussion also examines a troubling possibility: could AI identify when consumers are under pressure or facing an emergency and charge them more?

00:00 AI surveillance pricing explained 00:57 Why grocery pricing sparked backlash 01:04 How companies build consumer data profiles 01:59 Who collects and sells your personal data? 03:02 Could AI raise prices during an emergency? 03:52 Why AI pricing needs government regulation

#bizshow #AI #ArtificialIntelligence #AIpricing #SurveillancePricing #ConsumerPrivacy #DataPrivacy #PriceGouging  

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