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Although increasingly popular, AI still makes serious mistakes...which could cost companies big bucks in damages.

The Economics of AI Hallucinations and Error Costs

To save money on labor, many companies want to use AI to automate basic office functions, from customer service to research. However, AI is prone to making mistakes that are confidently presented as accurate facts. What are the economic implications of unchecked AI use by companies?...
5 min read
Demand
Definitions

Demand

Published on January 28, 2020

Deflation
Definitions

Deflation

Published on January 28, 2020

Clycical unemployment
Definitions

Clycical unemployment

Published on January 28, 2020

Definition of customs union
Definitions

Definition of customs union

Published on January 28, 2020

Balance of payments current account
Definitions

Balance of payments current account

Published on January 28, 2020

Definitions

Corporate Social Responsibility

Published on January 28, 2020

The consumer price index (CPI)
Definitions

The consumer price index (CPI)

Published on January 28, 2020

Cost plus pricing
Definitions

Cost plus pricing

Published on January 28, 2020

Contractionary policy
Definitions

Contractionary policy

Published on January 28, 2020

Contestability
Definitions

Contestability

Published on January 28, 2020

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AI logo and network powe

Beyond the Chips: Why Cables, Connectors and Power Networks Matter to AI Growth

Artificial intelligence is often presented as a race for faster processors and more capable software. Yet every large AI system also depends...
3 min read

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