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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
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Global economics

Global Economy Increasingly Decentralized Due to Cloud Based Commerce

Published on July 25, 2024

A woman standing by a window in Istanbul.
Competitive markets Managing the economy Global economics

External Economies of Scale and the Istanbul Medical Tourism Cluster: How Industrial Clustering Drives Competitive Prices in Global Cosmetic Healthcare

Published on July 25, 2024

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Behavioural economics Business economics Competitive markets Factors of production Global economics

Platform Economics and Modularity: How Composable Tools Are Reshaping Enterprise Software

Published on June 28, 2024

Understanding Trade Embargo
Definitions Global economics

Understanding Trade Embargo

Published on June 19, 2024

Contagion Meaning in Economics
Definitions Global economics

Contagion Meaning in Economics

Published on May 29, 2024

Deindustrialisation
Definitions Global economics

Deindustrialisation

Published on May 29, 2024

A screen with multi-colored code on i
Behavioural economics Factors of production Global economics

How Comparative Advantage Is Driving the Outsourcing of Fintech Development

Published on May 16, 2024

What is the IMF?
Definitions Global economics

What is the IMF?

Published on May 12, 2024

Man giving presentation on a large TV screen in front of 7 co workers in a techy office setting.
Behavioural economics Global economics Managing the economy

How Creative Destruction Is Reshaping Web Development Through No-Code Platform

Published on April 28, 2024

Stock Market Crash of 1987
Definitions Global economics Managing the economy

Stock Market Crash of 1987

Published on April 26, 2024

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Older Posts
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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