FTC probes AI-powered ‘surveillance pricing’ at Mastercard, JPMorgan Chase, McKinsey and others

The Federal Trade Commission (FTC) on Tuesday announced that it launched a probe of eight companies that offer “surveillance pricing” tools that use artificial intelligence (AI) and other technology to analyze consumer data to help set price targets for products and services.

Companies that were ordered by the FTC to provide information for the regulator’s study of surveillance pricing include Mastercard, JPMorgan Chase, McKinsey & Co., Accenture, Pros Holdings Inc., Revionics, Bloomreach and Task S