[Cathy O'Neil] AI 'siege pricing' must be stopped

My great uncle Fred, a former World War II prisoner living in the Cascade Mountains of Oregon, had little to his name but a four-wheel-drive truck. When the treacherous winter storms came, he would drive around, offering to help poor souls who had gotten stuck in the snow. But he was no good Samaritan: He charged exorbitant prices, sussing them out to determine the maximum he could extract. He had all the power and he knew how to use it. Call it siege pricing. Today’s online markets, with the he

By The Korea Herald