
McDonald’s Accused of Using AI to Inflate US Prices
Description: McDonald’s was sued in federal court by a customer who claims the fast-foot chain uses an AI-driven tool to coordinate prices of Quarter Pounders and other menu items across thousands of independently owned franchises and corporate restaurants. #mcdonalds #food #fastfood #court #ai #usa #news
Michael Thomas filed the proposed class action Oct. 2 in the US District Court for the Northern District of Illinois. He alleges the company since at least 2019 operated a centralized machine-learning “pricing engine” that pools confidential sales data from franchisees and corporate stores to generate price recommendations — effectively turning competing restaurants into price-fixing partners.
Read more: https://news.bloomberglaw.com/antitrust/mcdonalds-accused-of-using-ai-to-inflate-menu-prices-nationwide
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Michael Thomas filed the proposed class action Oct. 2 in the US District Court for the Northern District of Illinois. He alleges the company since at least 2019 operated a centralized machine-learning “pricing engine” that pools confidential sales data from franchisees and corporate stores to generate price recommendations — effectively turning competing restaurants into price-fixing partners.
Read more: https://news.bloomberglaw.com/antitrust/mcdonalds-accused-of-using-ai-to-inflate-menu-prices-nationwide
----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News
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