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The U.S. Department of Justice, along with eight states, has filed a lawsuit against RealPage, alleging its AI-driven pricing software, YieldStar, facilitated price-fixing among landlords, inflating rental prices and harming renters. The case highlights concerns over AI's role in critical markets like housing, potentially violating antitrust laws.[AI generated]
Why's our monitor labelling this an incident or hazard?
RealPage’s software employs an AI-based pricing algorithm trained on private landlord data to recommend rent levels, allegedly enabling unlawful price fixing. This use of an AI system has directly caused economic harm to renters and violated antitrust laws, meeting the criteria for an AI Incident.[AI generated]
