Where Data Tells the Story
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This week was a roller-coaster ride for Instacart investors. Traders loved the announcement on Monday that the grocery delivery app will be embedded in ChatGPT, becoming the “first company to offer [a] new instant checkout app experience” on the leading AI chatbot.
But AI can also be a double-edged sword.
A separate report released Wednesday took some of the shine off, with the company’s AI-enabled experiments accused of charging consumers different prices for the same items — by as much as 23% in one case. The e-commerce platform lost its OpenAI-driven gains on the news, with its parent company dropping some 6% in Wednesday trading.
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