Justice Department sues 6 largest landlords for algorithmic pricing scheme that 'caused harm to millions of renters'
2025-01-08
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The U.S. Justice Department, alongside several states, is suing RealPage and six major landlords for allegedly using AI algorithms to coordinate rent prices, leading to increased housing costs. The AI tool, embedded in RealPage's software, is accused of facilitating price-fixing, impacting millions of renters and contributing to the housing affordability crisis.[AI generated]
Why's our monitor labelling this an incident or hazard?
This case describes the actual use of an AI-based algorithmic pricing system in a coordinated anti-competitive scheme that has already caused economic harm to renters. Because the AI system’s deployment and misuse directly resulted in widespread harm, it qualifies as an AI Incident.[AI generated]