The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.
In 2023, the Federal Trade Commission, then led by Joe Biden appointee Lina Khan, along with 17 states, filed an antitrust lawsuit against Amazon. The case, finally scheduled to go to trial next year, ...
March 20, 2026 - For years, businesses have used algorithms to set prices across a variety of markets. Increased adoption and sophistication as a result of large data sets and advances in machine ...
Antitrust law was built to catch human agreements. It has no name for what machines learn to do on their own.