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US lawmakers, in letter, question McDonald’s CEO about algorithmic pricing practices

Nov 3 - US Senator ⁠Elizabeth Warren and four other lawmakers questioned McDonald's use of algorithmic pricing tools ⁠in a letter to CEO Chris Kempczinski, which the lawmakers shared with Reuters.

The Star MalaysiaWaylon Cunningham查看原文 ↗
美国议员在一封信中质询麦当劳首席执行官有关算法定价的做法。

FILE PHOTO: The logo of a McDonald's Corp restaurant is seen in Los Angeles, California, U.S. October 24, 2017. REUTERS/Lucy Nicholson/File Photo

Nov 3 - US Senator ⁠Elizabeth Warren and four other lawmakers questioned McDonald's use of algorithmic pricing tools ⁠in a letter to CEO ChrisKempczinski, which the lawmakers shared with Reuters.

The letter, ‌dated November 2, cites aReuters story from September 29 that found McDonald’s uses machine learning algorithms to generate what the company calls the “optimal price” recommendations for each menu item at each restaurant, based in part on an ​estimate of how much each store’s typical patrons are willing ⁠to pay.

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