Algorithms, Synthetic Intelligence, and Antitrust: An Overview

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This text discusses the implications of the usage of AI-powered algorithms on shoppers and competitors.

Algorithms are pervasive in our every day lives. The speedy growth and continued evolution of Synthetic Intelligence (AI) know-how have in flip propelled the usage of much more refined algorithms, lots of which have improved market outcomes. Nonetheless, the complexity of AI-powered algorithms poses new challenges to antitrust authorities in figuring out doubtlessly anticompetitive conduct.

On this article, authors Kirti Gupta and Avigail Kifer present a better take a look at the implications of the usage of AI-powered algorithms on shoppers and competitors, and the place antitrust economics could play a job, specializing in three broad areas: (1) pricing algorithms; (2) suggestion algorithms; and (3) algorithms for agency determination making.

The article was initially printed in The Antitrust Supply in February 2024.

 

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1 thought on “Algorithms, Synthetic Intelligence, and Antitrust: An Overview”

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