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Top related persons:
Lina Khan - 1 Kahn - 1 New York CNN — - 1 Shikha Jain - 1 Simon - 1 Kucher - 1 “ - 1 ” - 1
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Search resuls for: "Revionics"


2 mentions found


☆ FTC launches probe into 'surveillance pricing' that it says links cost to customer data
  + stars: | 2024-07-23 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +2 min
The Federal Trade Commission is launching an investigation into so-called "surveillance pricing," seeking more information about how artificial intelligence is used to change pricing rapidly based on data about customer behavior and characteristics. The FTC says the practice allows companies to charge different customers, different prices. "Firms that harvest Americans' personal data can put people's privacy at risk," FTC Chair Lina Khan said in a news release. Kahn describes surveillance pricing as a "shadowy ecosystem of pricing middlemen." Mastercard said in a statement, "We will cooperate with the FTC in this process."
Persons: Lina Khan, Kahn Organizations: Federal Trade Commission, CNBC, Summit, FTC, Mastercard, JPMorgan Chase, Accenture, McKinsey, Home Depot, Tractor Supply, Hannaford, Puma Locations: Washington ,
☆ You’re not going crazy — you may actually be paying higher prices than other people
  + stars: | 2024-07-21 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
But people making the same exact purchases as you aren’t necessarily paying the same exact prices as you. Companies have used this kind of information to effectively offer different prices to different groups of consumers. Using AI, companies can now answer questions like, “What is this person going to buy next? Rather, its bread and butter is providing companies with “all of the analytics and predictive scenarios” to figure out prices themselves. Then, by predicting how much consumers will buy at different price points, Revionics helps retailers manage their inventories.
Persons: New York CNN —, Shikha Jain, Simon, Kucher, “, ”, Jim Presley, What’s, Presley, Jain, Matt Pavich, David Paul Morris, Mary Winn Pilkington, Revionics wasn’t, it’s “ Organizations: New, New York CNN, Starbucks, North, Starbucks . Companies, Companies, Tractor Supply Co, Revionics, Bloomberg, Getty, Tractor Supply, CNN Locations: New York, North American
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