Source: Radio New Zealand
RNZ / Nate McKinnon
The increasing use of digital price tags could allow supermarkets to use AI algorithms and ‘dynamic pricing’ where prices change in real time, a competition researcher says.
The Government’s amendment to the Commerce Act, included increasing the Commerce Commission’s powers in combating predatory pricing , clarifying merger processes, and modernising the rules around new technologies, including AI.
But University of Sydney researcher Lisa Asher said while there was some positive moves in the bill, it would not address the use of AI algorithms for pricing. She said that could lead to price collusion and dynamic pricing.
You can hear more from Asher on Nine to Noon.
supermarket price errors supplied
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
