Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
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Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Instacart's "unlawful tactics" hurt shoppers and raised the cost of groceries, according to the FTC.
Shoppers may be unaware they're paying as much as 23% more than others for the same grocery items on Instacart, a new analysis says.
The San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares at $30 apiece.
