Trump Administration Has Opportunity to Chart a Better Course on AI
The lawsuit that the U.S. Justice Department (DOJ) filed last August against the real-estate software provider RealPage, as well as a report issued last month by the White House Council of Economic Advisers (CEA) claiming to find $3.8 billion in consumer harms in the rental-housing market arising from the use of algorithmic-pricing tools, both stand as stark examples of the kinds of fundamental misunderstandings of both artificial-intelligence (AI) tools and market dynamics that the incoming administration will need to address.
Initiatives like these, taken in the waning days of the Biden administration, threaten to establish dangerous precedents that could chill innovation, while failing to address genuine challenges in the housing market. Their timing is particularly concerning, as courts and regulators are just beginning to grapple with how to approach AI across multiple sectors.