In a significant move to address the growing concern over the use of algorithms in anti-competitive practices, Senator Amy Klobuchar (D-MN) has introduced the Preventing Algorithmic Collusion Act. This groundbreaking legislation aims to close loopholes in current antitrust laws and prevent companies from using algorithms to engage in price fixing and collusion. The bill, co-sponsored by Senators Ron Wyden (D-OR), …
Klobuchar Introduces Landmark Legislation to Combat Algorithmic Price Fixing
