Several Democratic senators introduced a bill intended to stop companies from utilizing predictive technology to raise prices. Businesses are increasingly delegating important competitive decisions, including price-setting power, to artificial intelligence, algorithms, and other predictive technology software. Read more on the Duane Morris Artificial Intelligence Blog.
Google, FTC Reach Agreement On Competition Issues
The FTC has issued a press release claiming that it has reached an agreement with Google to resolve competition concerns in the markets for smartphones, games, tablets, and online search.
The FTC states that pursuant to a settlement agreement, Google will comply with earlier promises to permit access to competitors on reasonable terms to patents on certain popular devices. And as a result of an independent commitment letter, Google will provide greater flexibility to online advertisers to manage advertisement campaigns on Google’s AdWords platform and to make sure not to misappropriate content from vertical sites that target specific categories (such as travel) for offerings.
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