Walmart’s AI move could lead to surge pricing — shoppers and experts are outraged: ‘This isn’t innovative, it’s exploitative’

Source: New York Post

Walmart customers are slamming the retail giant for its new AI-powered pricing tool. Low prices could be in the rearview mirror at Walmart after it won two patents giving computer algorithms more of a role in product pricing. Last week, the retailer landed a patent for a demand forecast tool that’s designed to predict what shoppers will buy and recommend a price based on that.