FTC is investigating how companies are using AI to base pricing on consumer behavior [Yahoo! Finance]
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Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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investor.mastercard.com/investor-relations/default.aspx
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Source: Yahoo! Finance
over information about the potential impact these products have on privacy, competition and consumer protection. With this investigation, the agency is seeking to learn more about how artificial intelligence and other technologies are being used to change pricing based on consumer behavior, location and other personal data. This practice allows companies to charge different customers different prices, the FTC says. The eight companies are Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, PROS, Accenture and McKinsey & Co. The FTC says all of these companies offer services that use AI to target prices for different customers. The agency is seeking information about the types of surveillance pricing services that each company has developed and may license to third parties, along with current uses of the services. It is also seeking information about how the services are impacting consumer pricing. “Firms that harvest Americans' personal data can put people's priv
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MA
Earnings
- 8/1/24 - Beat
MA
Sec Filings
- 9/5/24 - Form 8-K
- 9/4/24 - Form 424B2
- 9/3/24 - Form FWP
- MA's page on the SEC website