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AI is a convenient tool for getting answers in common language...but are these answers accurate?

The Economics of AI Hallucinations: Information Quality as a Market Good

Many of us love to use AI programs, from ChatGPT to Grok to Google Gemini, to give us answers to complex questions in simple, common language. But are we risking financial and economic inefficiency due to AI errors? Will consumers demand that their AI answers be human-verified?...
4 min read
Definitions

Definitions_home

Published on February 04, 2020

National_income-definition
Definitions

National_income-definition

Published on February 04, 2020

Development Cases
Global economics

Development Cases

Published on February 04, 2020

Fiscal Stabilisers Discretionary Tax Policy
Global economics

Fiscal Stabilisers Discretionary Tax Policy

Published on February 04, 2020

Phillips Curve
Global economics

Phillips Curve

Published on February 04, 2020

ECB Quantitative Easing
Global economics

ECB Quantitative Easing

Published on February 04, 2020

Freedom of choice
Definitions

Freedom of choice

Published on February 04, 2020

Labour Market Flexibility
Global economics

Labour Market Flexibility

Published on February 04, 2020

European Inflation
Global economics

European Inflation

Published on February 04, 2020

Competition сommission
Definitions

Competition сommission

Published on February 04, 2020

Newer Posts
Page 94 of 163
Older Posts
Digital twins and AI modeling can help companies determine exactly when maintenance should be done to maximize efficiency.

The Economics of Digital Twins and Predictive Maintenance

Large companies may be spending billions of dollars a year in inefficient maintenance on their capital goods, either doing too much maintenance and wasting money or not enough maintenance and dealing with equipment failure. Can digital twins and AI end this inefficiency?...
4 min read

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