Amazon is accused of employing a “secret algorithm” to inflate prices by over $1 billion. Amazon refutes the allegations, stating that “Project Nessie” was intended to prevent unsustainable price ...

Machine learning is becoming so smart that algorithms designed to set prices in online marketplaces are mirroring each others' behaviour to raise prices. Algorithms using self-learning AI are popular ...

Exclusive content, detailed data sets, and best-in-class trade insights to rewrite your portfolio for tomorrow. Try it Now The Federal Trade Commission is accusing Amazon of using an algorithm to ...

The US Federal Trade Commission (FTC) has charged Amazon with employing unfair methods to hold onto its supremacy in online retailing. The FTC lawsuit sent off on Thursday, portrayed in a considerably ...