‘Predictive Pricing’ Big Concern in CA & More

‘Predictive Pricing’ Top Priority for CA Lawmakers

Predictive pricing, a practice involving the use of artificial intelligence to set prices for customers based on factors like the websites they visit or the places they live instead of supply and demand, has emerged as one of the top technology-related issues in California’s Legislature this session.

Lawmakers in the state have introduced five bills addressing the issue in recent weeks. One of the bills (AB 325), would make it easier for the state’s attorney general to sue companies that use price algorithms trained on “nonpublic competitor data.” Another (SB 259) would ban the use of “affinity-based algorithmic pricing” that sets prices based on “perceived characteristics from personal data.” A third (SB 52) would ban the use of algorithmic devices to set prices or occupancy rates for rental properties. (CALMATTERS)

IL Lawmaker Targeting AI in Healthcare

Illinois Rep. Bob Morgan (D) is sponsoring two bills to restrict the use of artificial intelligence in healthcare. One of the bills (HB 1806) would prohibit licensed mental health professionals from using AI to assist with therapy sessions. The other bill (HB 35) would prohibit health insurers from relying exclusively on AI to deny, reduce or terminate coverage. (CAPITOL NEWS ILLINOIS)

OH Lawmaker Focusing on Crypto

Rep. Steve Demetriou (R) has introduced a pair of cryptocurrency-friendly bills. One (HB 18) would allow the state’s treasurer to invest as much as 10% of general revenue, rainy day or lottery funds in digital assets to create a strategic cryptocurrency reserve. The other (HB 116), entitled the Blockchain Basics Act, would impose restrictions on how blockchain companies could be regulated. (OHIO CAPITAL JOURNAL)

—Compiled by SNCJ Managing Editor KOREY CLARK

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