CenDemTechEarlier this year, The Department of Justice + eight states filed an antitrust enforcement action against RealPage, charging it w/ using an #algorithm to organize & coordinate a scheme among apartment landlords to inflate rental prices in violation of the #ShermanAct: https://cdt.org/insights/justice-department-goes-after-algorithm-fueled-price-fixing-in-apartment-rentals/
The allegations set forth what appears to be a textbook example of using #ArtificialIntelligence to supercharge anticompetitive collusion, a capability that @CenDemTech has written about previously: https://cdt.org/insights/is-artificial-intelligence-a-new-gateway-to-anticompetitive-collusion/ #AI #competition
Is Artificial Intelligence a New Gateway to Anticompetitive Collusion?
Also by CDT Intern Hannah Babinski Roughly 85 percent of adults in the United States interact with the Internet on a daily basis.[1] Commerce over the Internet has in many ways made the lives of Americans easier, more convenient, and streamlined. But has it also opened the door for companies to utilize new and innovative […]
CDT's George Slover digs into the charges, RealPage's response, the Sherman Act, and how algorithm-driven coordinated harms impact renters: https://cdt.org/insights/justice-department-goes-after-algorithm-fueled-price-fixing-in-apartment-rentals/ #AI #competition