The Preventing Algorithmic Collusion Act of 2024 aims to stop companies from using pricing algorithms that could lead to unfair competition by sharing secret competitor data. It requires businesses using such algorithms to provide detailed reports about their algorithms to...
Simple Explanation
The Preventing Algorithmic Collusion Act of 2024 wants to stop companies from secretly working together to set prices using computer programs. It makes companies tell the truth about how they use these programs and punishes them with big fines if they cheat.