‘Artificial stupidity' made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals [Yahoo! Finance]
Maplebear Inc. (CART)
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Source: Yahoo! Finance
markets, AI trading bots did not compete with one another, but rather began colluding in price-fixing behaviors. According to the study authors, research on how AI behaves in market environments can help regulators understand gaps in existing rules and statutes. Artificial intelligence is just smart—and stupid—enough to pervasively form price-fixing cartels in financial market conditions if left to their own devices. A working paper posted earlier this year on the National Bureau of Economic Research website from the Wharton School at the University of Pennsylvania and Hong Kong University of Science and Technology found when AI-powered trading agents were released into simulated markets, the bots colluded with one another, engaging in price fixing to make a collective profit. In the study, researchers let bots loose in market models, essentially a computer program designed to simulate real market conditions and train AI to interpret market-pricing data, with virtual market make
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CART
News
- Instacart pulls plug on AI prices for different customers [CBS News]CBS News
- Instacart ending AI program that caused varying prices [CBS News]CBS News
- Instacart to end AI price tests for retailers after investigation [CBS News]CBS News
- Instacart ends AI pricing tests [CBS News]CBS News
- Instacart ending AI price tests for retailers [CBS News]CBS News
CART
Earnings
- 11/11/25 - Beat
CART
Sec Filings
- 12/23/25 - Form 4
- 12/22/25 - Form 144
- 12/15/25 - Form 144
- CART's page on the SEC website