DoomsdaysCW<p>Another reason to squash the <a href="https://kolektiva.social/tags/AIRevolution" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AIRevolution</span></a>!</p><p><a href="https://kolektiva.social/tags/AI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AI</span></a> costs American <a href="https://kolektiva.social/tags/Renters" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Renters</span></a> over $3.6 billion annually, according to new report<br>Judd Legum<br>Jan 06, 2025 </p><p>"The property management software used by many <a href="https://kolektiva.social/tags/corporate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>corporate</span></a> <a href="https://kolektiva.social/tags/landlords" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>landlords</span></a>, <a href="https://kolektiva.social/tags/RealPage" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RealPage</span></a>, is deploying AI to artificially inflate rental prices in the United States by more than $3.6 billion annually, according to a new report by the White House Council of Economic Advisers (CEA).</p><p>"RealPage, owned by the private equity firm Thoma Bravo, includes a tool called "AI Revenue Management" that provides recommendations for rental prices based on data from competitors. The feature, according to the CEA, the Department of Justice (DOJ), and class action lawsuits, facilitates 'price coordination.' It allows individual landlords to 'act as if they are a single dominant landlord, and use their collective market power to increase profits by setting higher prices.'"</p><p>Read more:<br><a href="https://popular.info/p/ai-costs-american-renters-over-36" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">popular.info/p/ai-costs-americ</span><span class="invisible">an-renters-over-36</span></a><br><a href="https://kolektiva.social/tags/FuckAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FuckAI</span></a> <a href="https://kolektiva.social/tags/AISucks" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AISucks</span></a> <a href="https://kolektiva.social/tags/NoNukesforAI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NoNukesforAI</span></a> <a href="https://kolektiva.social/tags/AffordableHousing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AffordableHousing</span></a> <a href="https://kolektiva.social/tags/CorporateLandlordsSuck" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CorporateLandlordsSuck</span></a></p>