Lawmakers mull action on ‘dynamic’ AI-powered pricing in wake of ‘shocking’ Instacart report
“Instacart was trying to figure out how much money they could make on Target shoppers,” said Lindsay Owens, executive director of Groundwork Collaborative.
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‘Dynamic pricing’ used to raise costs of everything from food and Uber rides to museum visits
Variable pricing is nothing new, but artificial intelligence has made it easier for companies of all sizes to leverage dynamic pricing – and “when something is easier to use, it becomes easy also to take advantage of,” said Pascal Yammine, CEO at Zilliant, an AI-driven pricing
Crypto mogul Do Kwon sentenced to 15 years in prison over $40B ‘epic fraud’
Kwon, 34, was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1.
Anheuser-Busch selling classic NJ brewery, closing New Hampshire and California sites
Beer giant will relocate 475 employees affected by closures.
Paramount Skydance may raise bid for Warner Bros. Discovery by 10% after going hostile: sources
"(They're) not going to be jerked around,” one source said of the Ellisons. “But yeah, they're prepared to move higher."
Ex-Abercrombie & Fitch CEO fit to stand trial, prison officials say
Mike Jeffries, who was ruled "mentally incompetent" by a court, is now competent to stand trial, medical experts declare after a forensic evaluation.
Oracle stock plunges 12% on AI jitters — shrinking Larry Ellison’s net worth by $34B
Investors fearful of a tech “bubble” issued a collective thumbs down over the firm’s massive AI spending.
Disney to let users make AI videos featuring beloved characters in $1B deal with OpenAI; accuses Google of copyright infringement
Users of Sora and ChatGPT Images will be able to generate videos using characters such as Darth Vader, Ariel and Cinderella beginning in early 2026.
Time magazine names ‘Architects of AI’ as person of the year — here’s who’s on the cover
The magazine noted AI company CEOs’ attendance at President Trump’s inauguration this year at the Capitol as a herald for the prominence of the sector.
CNN denies banning Stephen Miller after top WH aide claims it rejected offer to ‘discuss any topic with any host at any time’
During an appearance on Fox News’ “Hannity” on Wednesday, Miller claimed the lefty cable network refused to book him after the White House’s communications team reached out.
Dems rip Paramount Skydance’s hostile WBD bid over Saudi- and Kushner-linked funding: report
Reps. Sam Liccardo (D-Calif.) and Ayanna Pressley (D-Mass.) sent letter to board of WBD as well as to Treasury Secretary Scott Bessent on Wednesday.
Vietnam’s EV champion is bleeding cash
VinFast is seeking salvation in foreign markets
A short guide to every business-hotel room
The world’s most commoditised experience
'Architects of AI' named Time Magazine's Person of the Year
Nvidia boss Jensen Huang is among the influential tech figures that adorn one of the two covers.
Workers' rights bill standoff continues after Lords defeat
It comes after ministers struck a deal between businesses and unions aimed at allowing the bill to progress.
Jamie Oliver on the return of his restaurant chain
Speaking to Amol Rajan on the BBC's Radical podcast, chef and campaigner Jamie Oliver reveals all about his experiences of failure and learning from it.
Drax unveils plan for data centre at power station
The firm aims to expand its power station near Selby with a 100MW data centre by 2027.
Tube fares to go up by 5.8% in 2026
Most increases will be 20p or less and bus and tram fares will be frozen, the mayor of London says.
Oracle and the hard truths about software
Running a giant digital business is not as fun as it used to be
ChatGPT accused of being complicit in murder for the first time in bombshell suit: ‘Scarier than Terminator’
The explosive lawsuit against OpenAI over the murder of Suzanne Eberson Adams is the first known of its kind to accuse AI of being culpable for murder.
How to buy Bitcoin Hyper before it launches
Its presales have been gaining attention among the crypto community, since the token claims to promise quicker, cheaper Bitcoin transactions.
Electricity price rises a concern, survey suggests
Guernsey Electricity says it plans to set out "a clear pathway for tariff reform".
Mexico approves up to 50% tariffs on China and other countries
The levies are set to take effect on 1 January and will apply to goods like cars, clothing and appliances.
Marriott, Hilton prices spike over 300% in World Cup host cities — with one hotel topping $3K a night: report
Hotel rates at 96 Marriott and Hilton hotels skyrocketed after FIFA unveiled the 104-match schedule Saturday.
Trump launches $1m 'gold card' immigration visas
The special visas will be awarded to those who can show they can make a "substantial benefit" to the US.
The Swiss city that lets you pay for most things with bitcoin
Shops, restaurants and even the local council in Lugano now accept the cryptocurrency.
Wall Street giants ‘debanked’ coal, gas, other politically sensitive businesses, regulator says
The nine banks include JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo, US Bank, Capital One, PNC Bank, TD Bank, and BMO Bank.
Shell facing first UK legal claim over climate impacts of fossil fuels
Survivors of a deadly typhoon in the Philippines have filed a claim against the UK's largest oil company.
Shares in AI giant Oracle fall after revenue results ramp up bubble fears
The cloud computing giant's revenue miss renews questions about its financial health.
UK pharma boss says US is the best country to invest in
In an interview with the BBC, Dame Emma Walmsley says she will not "shy away" from GSK's US expansion.
Banks to tell you where you might invest your money
Targeted support will allow banks and financial firms to make suggestions on how to handle savings.
