In Machines We Trust: How pricing algorithms learn to collude (Update)
MIT Technology Review Narrated
00:00
Using AI to Drive Dynamic Pricing Into a Market
Dynamic pricing can help companies know what to charge for products that expire or are limited in supply. The key to making all of this work is a rich data set on consumers and what drives their willingness to pay. We have a company, for example, that does dynamic pricing for their ski tickets based on the upcoming events,. But we also have other customers that are selling electronics, chemicals, industrial manufacturing companies, distribution companies.
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