The clear trend over the past decade or so has been using analytics and data gathering to extract maximum rents from every customer in every industry and AI is going to massively accelerate this.
replyThe only way out is government regulation which means we are screwed in the US (our government is too far gone to represent average citizen interests in any meaningful way) but Europeans maybe have a chance if they get it together and demand change.
What a horrid glimpse in the future. I hope we won't get there and we all collectively fight back with our wallets.
replyIt's going to get much worse. We're soon going to have enough data and compute (and are losing enough online privacy) to allow every company to apply personalized pricing down to the individual. My local restaurant is going to know that I am willing to buy a burger for at most $4.57 and my neighbor is only willing to pay $2.91 for it, and they will have the ability to charge us individually. Every business is going to soak each of us us to the maximum extent that the data says they can.
replyWho would voluntarily do business with a company that does this? Not me.
replyEveryone who uses Uber is voluntarily doing business with a company that does this. When was the last time you took an Uber?
replyEventually, when all of them do this (and they will be effectively forced to in order to remain competitive), then we will not have a choice.
replyI will make burgers myself. I take this approach with many things and services without great suppliers anyway. And I don't care if it's suboptimal because, in the long run, I'll have better skills and be protected from exactly this trend.
replyBut the supermarkets will do it too
replyI'm worried that the present is actually living off a line of credit that will be spent/closed soon.
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