This bill aims to enhance consumer protection by prohibiting the use of artificial intelligence for dynamic pricing of products. It introduces a new section in Minnesota Statutes, chapter 325F, specifically addressing the definition of artificial intelligence and its application in pricing strategies. According to the bill, artificial intelligence is defined as a machine-based system that generates outputs capable of influencing environments based on various inputs.

Under the proposed legislation, individuals and businesses are explicitly prohibited from using artificial intelligence to adjust or control product prices in real time, taking into account factors such as market demands, competitor prices, inventory levels, and customer behavior. Additionally, the bill grants the attorney general the authority to enforce this prohibition, ensuring compliance and protecting consumers from potentially unfair pricing practices.