TechEquity

A WIN AGAINST ALGORITHMIC PRICE FIXING: California Attorney General Rob Bonta today announced a $7 million settlement with LivCor, one of the property management companies named in AG Bonta’s ongoing antitrust lawsuit against software company RealPage.

While price-fixing has been illegal for decades, it’s been difficult to enforce when competitors collude through algorithms rather than backroom agreements.

But enforcement like this, plus Governor Newsom’s decision to sign the TechEquity Action-sponsored Preventing Algorithmic Price Fixing Act (AB 325) last year, shows that California is up to taking on that challenge. We hope to see even greater accountability for algorithmic price-fixing as AB 325 eases the path to enforcement.

https://ow.ly/fIal50Zesa0

Economic Security Project Action

Now that OpenAI has taken the first step toward becoming a public company, the EyesOnOpenAI Coalition has sent a letter to the US Securities and Exchange Commission (SEC) highlighting major, unprecedented risks to investors.

At the heart of the concern is OpenAI’s structure: a non-profit, legally beholden to prioritize its charitable mission over profit, that owns a for-profit whose incentives are driven by investors’ unrelenting desire for maximum returns.

Read the letter to learn more: https://ow.ly/UjLp50ZcPmj

The gig economy just got a new product line. Workers didn’t get a vote.

Uber, DoorDash, and LinkedIn are all testing or launching programs in which workers are being asked to complete digital tasks for AI and robotics training between gigs, with little visibility into what they are building or who it is for.

That’s why we recently launched Version 2.0 of our Data Work Landscape—a map of the companies, investors, and client relationships powering the data portion of the AI supply chain.

The hidden workforce behind every AI tool you use: Announcing the data work landscape 2.0 - TechEquity Collaborative Announcing our Data Work Landscape 2.0—a map of the companies, investors, and clients powering the data portion of the AI supply chain.