AI Law - International Review of Artificial Intelligence Law
G. Giappichelli Editore

27/06/2024 - DOJ Investigates AI Price Fixing in Rental Market (USA)

argument: Notizie/News - Financial Law

According to an article from Business Insider, the U.S. Department of Justice (DOJ) is investigating allegations of price-fixing in the rental market facilitated by AI tools developed by RealPage. The investigation focuses on whether RealPage's AI-driven pricing software has been used to collude on rental prices, leading to inflated costs for tenants. This case highlights the growing concerns over the use of AI in market manipulation and anti-competitive practices. The DOJ aims to determine if RealPage's technology violates antitrust laws and if the company has engaged in unfair business practices. The outcome of this investigation could set significant legal precedents regarding the use of AI in pricing strategies and market regulation.