Business
Instacart scraps AI pricing tests after backlash over grocery price swings
Instacart said Monday that it will no longer allow retailers to use an AI-powered price testing program. This comes two weeks after an…
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Instacart
Business
Instacart settles with FTC for $60 million over alleged false advertising
Delivery company Instacart will pay $60 million in customer refunds under a settlement reached with the Federal Trade Commission over…
Business
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery…
Fashion
Instacart is charging different prices to different customers in a dangerous AI experiment, report says
The grocery delivery service Instacart is using artificial intelligence to experiment with prices and charge some shoppers more than…
Business
Instacart posts strongest order growth since 2022, beats earnings estimates
Instacart posted its strongest order growth since 2022 for a second straight quarter and beat earnings estimates for the current period, a…
Business
Instacart CEO Fidji Simo is heading to OpenAI: Here’s what you need to know
The woman behind Instacart’s successful IPO, Fidji Simo, is joining OpenAI’s C-suite. On Wednesday, OpenAI CEO Sam Altman announced Simo’s…
Business
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
INSTACART forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on…