Walmart won’t hike prices based on your shopping history, CEO says
Walmart's CEO says digital shelf labels will not price items from personal data or Sparky chats.
Walmart CEO John Furner said the retailer’s digital shelf labels will not change prices based on income, shopping history, urgency, time of day, or conversations with its Sparky AI assistant. Walmart plans to deploy the labels in all U.S. stores by year-end to save associate time. Separately, the FTC is developing a personalized-pricing policy, New York requires disclosure of algorithmic pricing, and New Jersey, Connecticut, and Maryland have moved to restrict use of personal data for pricing.
- Walmart says shelf-label changes will not use personal data or time of day.
- CEO John Furner says Sparky conversations will not change prices.
- Several states are restricting or requiring disclosure of algorithmic pricing.
- Vendors
- Walmart
- Organizations
- WalmartFederal Trade Commission
- Countries
- United States
- AI models
- Sparky
From the original article
2 min read at theverge.com
Walmart says it won't change product prices based on your personal information or the time of day, as reported earlier by The Wall Street Journal. In a letter to customers, Walmart CEO John Furner writes that the company's switch to digital shelf labels is meant to save store associates time, rather than dynamically change prices.
By Emma Roth · theverge.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.