00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. consumers are raising concerns about retailers using artificial intelligence,
00:07digital price tags, and personal data to set prices, according to PBS News.
00:12Walmart and Whole Foods are expanding electronic shelf labels,
00:16while businesses increasingly use AI to predict demand and optimize pricing.
00:21Lawmakers in at least 30 states have considered pricing legislation this year.
00:26Maryland, New Jersey, and Connecticut recently enacted restrictions
00:29on using personal data to determine prices.
00:32The Federal Trade Commission has also proposed an enforcement policy
00:36addressing undisclosed personalized pricing.
00:39A recent survey found that 28% of business leaders use AI for real-time price optimization.
00:45Meanwhile, lawsuits against Amazon and McDonald's have challenged algorithmic pricing practices,
00:52alleging the technology undermines competition.
00:54For all things money, visit Benzinga.com.
