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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
Labour Arbitrage
Definitions Labour markets Global economics

Labour Arbitrage

Published on September 27, 2023

Agglomeration Economies
Definitions Business economics Global economics

Agglomeration Economies

Published on September 11, 2023

The Economy of the Global South Absorbs the Impact of AI Impact and Pivots
Global economics

The Economy of the Global South Absorbs the Impact of AI Impact and Pivots

Published on September 05, 2023

Business Cycle Graph
Definitions Managing the economy Business economics Global economics

Business Cycle Graph

Published on August 06, 2023

Relative Poverty
Definitions Managing the economy Global economics

Relative Poverty

Published on July 11, 2023

Capital Flight
Definitions Global economics Managing the economy

Capital Flight

Published on July 06, 2023

Ricardian Equivalence
Definitions Behavioural economics Global economics Managing the economy

Ricardian Equivalence

Published on March 22, 2023

Budget Surplus Definition
Definitions Managing the economy Global economics

Budget Surplus Definition

Published on March 22, 2023

Inflationary Gap
Business economics Global economics Definitions Managing the economy

Inflationary Gap

Published on March 05, 2023

Global economics

Trade protectionism

Published on December 08, 2022

Newer Posts
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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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