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A federal judge blocked New York state's ban on algorithmic rent-pricing software, striking down a law aimed at curbing the use of AI-driven tools that coordinate rental prices among landlords.
The article critiques how corporations use dynamic pricing and AI algorithms to inflate profits, with examples like Instacart, and discusses Lindsay Owens's book 'Gouged' on the normalization of price-gouging.
A new wave of litigation is emerging under state and local laws targeting landlords for using algorithmic rent-pricing tools, with plaintiffs and governments seeking damages and penalties through follow-on claims to the RealPage litigation.