Is AI Driving Up Gas Prices? New Complaint Says Tool Is Costing Californians $135 Million a Year

Californians are claiming that AI technology from Kalibrate is being used by major fuel retailers to artificially inflate gas prices, costing the state an estimated $135 million annually. The complaint alleges that the AI tool helps coordinate higher pump prices across the state, raising concerns about market manipulation. This situation matters because it highlights the potential unintended consequences of AI in pricing algorithms, which could lead to greater scrutiny on how artificial intelligence is employed in economic sectors.