this post was submitted on 07 Dec 2024
293 points (97.4% liked)

Technology

61456 readers
4321 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
293
Landlords Are Using AI to Raise Rents—and Cities Are Starting to Push Back (gizmodo.com)
submitted 1 month ago by realitista@lemm.ee to c/technology@lemmy.world
23 comments fedilink hide all child comments
 

cross-posted from: https://lemmit.online/post/4604618

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/technology by /u/chrisdh79 on 2024-12-07 16:55:13+00:00.

you are viewing a single comment's thread
view the rest of the comments
[–] realitista@lemm.ee 46 points 1 month ago (1 children)

The AI is just allowing them to work together in a giant price fixing scheme.

[–] paraphrand@lemmy.world 15 points 1 month ago* (last edited 1 month ago)

And this scheme has been quietly building in many industries for the past decade or so. Be it by AI or just an intermediary.

They are all following the “guidance” of some entity in their industry that is paid to be an expert. And everyone in the industry signs up. That expert then “advises” on pricing and other choices. And slowly over time they are essentially colluding, but with more steps, and then they also benefit from the ability to talk in circles when called on it.

The practice needs to be outlawed across the board.