🦔Delta's CEO said AI will boost profits by 50% by setting a different ticket price for every passenger in real time. The airline uses an AI system called Fetcherr that generates a unique price for each shopping request. Delta told Congress last year it was not using personal data for individualized pricing. Its investor presentation described building toward offers for "you, the individual." Airlines are exempt from FTC pricing oversight.
My Take
This is what AI does for a company like Delta. It doesn't make your flight better or your bag show up faster. It watches how you shop and figures out the most you'll pay before you close the tab. Consumer Reports found Uber and Lyft charging 42% different prices for the same ride at the same time, and the House Oversight Committee found one case where two people got quoted $76 and $24 for the same trip. Delta is building the airline version of that, and every carrier will follow because the economics are too good to pass up.
Walmart told us this week that families are choosing between gas and groceries at $4 a gallon. Delta's answer to those same families is an algorithm that squeezes them for every dollar they have left. Airlines are exempt from FTC pricing rules, state laws are preempted by federal deregulation, and the CEO told Congress one thing while telling investors another. When people ask me where the trillions going into AI actually end up, I think Delta just gave us one of the most honest answers we've gotten.
Hedgie🤗
AI is being weaponized against consumers and workers by the wealthiest corporations in history. Cory Doctorow (@doctorow) unveils the endless enshittification of everything.
⚫️ Souvenir de la prestation iconique de Kavinsky sur son titre #Nightcall avec Angèle et Phoenix lors de la cérémonie de clôture des Jeux Olympiques de #Paris2024 au Stade de France
The New York Knicks went 53 years without an NBA championship. Arsenal waited 22 years to lift another Premier League trophy.
But Mayo's All-Ireland title win in Gaelic football blew this year's high-profile sporting exorcisms out of the water.
Entering the Boston Red Sox’s “Curse of the Bambino” territory, Mayo went 75 years without success, losing 11 finals after an Irish priest supposedly condemned the team's celebrations following their 1951 title win.
https://t.co/uyJ1FKC4lT
In other news, I'm very happy to report that Spanish extra virgin olive oil prices have hit a 1-year low in the wholesale market, and heading toward a 4-year low.
The fall and decline of VW is an extraordinary story. It’s about arrogance, complacency, internal power battles, and uncritical fanboy media reporting, as we write in our of stories today. VW, and other European companies, are struggling to come to terms with technologies that were not invented at home. It’s not just cars. European consumers are queuing for Chinese-made solar panels and air conditioners. Don’t think for a second that you are going to fix this problem through tariffs and quotas.
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A new public fountain has appeared in central London, but look closer & you’ll see that it’s a actually a fountain of filth. The water is black, the human victims of the sewage crisis are vomitting streams of liquid, whilst surmounted by a smug water executive with a briefcase stuffed with cash.
The fountain commemorates one of the biggest environmental crimes in British history, where water companies stole tens of billions of pounds that was supposed to be spent on our sewage system, gave it to shareholders and executives and illegally poured billions of lites of sewage into our rivers, lakes and seas instead. The channel 4 docudrama about the sewage crisis, #dirtybusiness, starts at 9pm tonight. Watch it, get sad, get angry and then join the thousands of people around the country demanding an end to the sewage crisis.
💛 RT & follow for the chance to win a 🇮🇪Ben Healy signed Yellow Jersey with @SANTINI_SMS
💛 RT & follow pour tenter de gagner un Maillot Jaune dédicacé par 🇮🇪Ben Healy avec @SANTINI_SMS#TDF2025 | @MaillotjauneLCL