Instacart to halt 'price tests'
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The announcement follows a report that found discrepancies among consumers buying the same items from the same stores at the same time.
The U.S. Federal Trade Commission is probing Instacart , two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool.
DoorDash launches ChatGPT grocery app one week after rival Instacart, enabling AI-powered recipe suggestions with hour-long delivery from stores.
Maplebear stock was dropping following a report that the Federal Trade Commission has sent Instacart a civil investigative demand over its use of AI-set pricing.
Shares of Instacart Inc. (NYSE: CART) declined 6.64% in pre-market trading on Thursday, after a report that the Federal Trade Commission (FTC) is launching a probe into its AI-based pricing tool.
Instacart is ending a program where customers saw different prices for the same product ordered at the same time from the same store. Here’s what they’re saying about the price testing strategy.