As artificial intelligence (AI) steadily increases its hold on the global economy, one of many areas ripe for disruption is consumer pricing. In situations where different consumers are offered the same product or service at different prices, it is now possible to take the discretion away from staff and use a computer to calculate the best price using a combination of historic pricing data, machine learning capabilities and algorithms.
AI has the power to revolutionize lending, but at a cost to people with lower credit scores
Reader’s Picks
-
A new study from the Kinsey Institute reveals that only 50.5% of women who were targets of sexual harassment during [...]
-
2022 was a record year for music festivals in Spain, hitting historic highs just two years after the entire country [...]
-
Community organizations making child welfare reports to Oranga Tamariki say it’s not uncommon to be met with delayed decisions or [...]