9:20 am today

Risk of supermarkets' use of algorithms

From Nine To Noon, 9:20 am today

A competition researcher says supermarket real time pricing, could potentially lead to collusion. 

And a competition bill currently being considered by our Parliament, is not ready for the AI age.

The Government is updating competition law, including increasing the Commerce Commission's powers in combating predatory pricing, clarifying merger processes, and modernising the rules around new technologies, including AI. 

But University of Sydney researcher Lisa Asher says while there are some positive steps in the bill, it is not explicit enough in stating that retailers must be held accountable for price changes made by AI monitoring. 

Lisa Asher had two decades working in food and grocery sector, before becoming an academic focused on competition. 

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Photo: RNZ / Nate McKinnon