New details have emerged about Amazon.com Inc.’s “Project Nessie” algorithm, which is a major focus of a lawsuit the Federal Trade Commission recently brought against the company. The Wall Street ...

Amazon has become ubiquitous with shopping. If you want nearly anything, you can get it on Amazon, typically for cheaper price compared to other top retailers. Plus, Prime members often receive their ...

Amazon used a secret algorithm called Project Nessie to essentially dupe buyers out of more money. That’s according to a new report from The Wall Street Journal which details the algorithm and ...

Amazon used a series of illegal strategies to boost profits at its online retail empire, including an algorithm that boosted prices to US households by more than $1 billion, the Federal Trade ...

In a nutshell: A redacted portion of the FTC's monopoly lawsuit against Amazon accuses the tech giant of using a secret pricing algorithm that allowed the company to see how far it could raise its ...

Last week, it seemed that OpenAI—the secretive firm behind ChatGPT—had been broken open. The company’s board had suddenly fired CEO Sam Altman, hundreds of employees revolted in protest, Altman was ...

Both the Federal Trade Commission (FTC) and the Department of Justice’s Antitrust Division have focused their sights on big technology companies. Understanding the precedents set by these suits is ...

The mysterious “Project Nessie,” hinted at in what little was not redacted in the FTC’s lawsuit against Amazon, is indeed an algorithmic pricing scheme that raised prices where it could do so safely, ...

An artificial intelligence (AI) program designed to prevent suicide among U.S. military veterans prioritizes white men and ignores survivors of sexual violence, which affects a far greater percentage ...

On November 22, a few days after OpenAI fired (and then re-hired) CEO Sam Altman, The Information reported that OpenAI had made a technical breakthrough that would allow it to “develop far more ...