Showing posts with label AI algorithm use to boost profits. Show all posts
Showing posts with label AI algorithm use to boost profits. Show all posts

Wednesday, June 25, 2025

Second study finds Uber used opaque algorithm to dramatically boost profits; The Guardian, June 25, 2025

 , The Guardian; Second study finds Uber used opaque algorithm to dramatically boost profits

"A second major academic institution has accused Uber of using opaque computer code to dramatically increase its profits at the expense of the ride-hailing app’s drivers and passengers.

Research by academics at New York’s Columbia Business School concluded that the Silicon Valley company had implemented “algorithmic price discrimination” that had raised “rider fares and cut driver pay on billions of … trips, systematically, selectively, and opaquely”."