Regulate use of pricing algorithms

This bill regulates how businesses in the state use pricing algorithms, which are computer programs that set or suggest prices for products and services. It specifically prohibits companies from using these algorithms if they are trained on or rely on nonpublic competitor data, such as private pricing information from rival firms. The law also establishes a legal presumption that a company has conspired against fair trade if it distributes such an algorithm to multiple users who then set prices in the same market. While the bill defines various terms like "commercial terms" and "trust" to clarify its scope, it aims to prevent automated systems from facilitating coordinated price-fixing among competitors.