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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
Igor Finogenov: A Career in Economic Evolution (Eurasian Development Bank, Polymetal International, Kazakhstan's Council of Foreign Investors)

Igor Finogenov: A Career in Economic Evolution (Eurasian Development Bank, Polymetal International, Kazakhstan's Council of Foreign Investors)

Published on March 23, 2023

Sergey Tokarev: Ukrainian IT Projects Must Demonstrate Predictability to Attract Foreign Investments

Sergey Tokarev: Ukrainian IT Projects Must Demonstrate Predictability to Attract Foreign Investments

Published on March 23, 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

Non-Price Competition
Competitive markets Definitions Business economics

Non-Price Competition

Published on March 22, 2023

Effective Communication in Financial Transactions: Streamlining Processes and Ensuring Accuracy

Effective Communication in Financial Transactions: Streamlining Processes and Ensuring Accuracy

Published on March 19, 2023

From Theory to Practice: Integrating Economic Principles into Business Strategy with Advanced Production Planning Software

From Theory to Practice: Integrating Economic Principles into Business Strategy with Advanced Production Planning Software

Published on March 18, 2023

Making Industry Smart: IoT Transformations in Manufacturing

Making Industry Smart: IoT Transformations in Manufacturing

Published on March 17, 2023

Horizontal vs Vertical Marketplace: What’s the Difference and Which One to Choose?

Horizontal vs Vertical Marketplace: What’s the Difference and Which One to Choose?

Published on March 17, 2023

Things to consider when filing US Taxes from the UK as a US Expat

Things to consider when filing US Taxes from the UK as a US Expat

Published on March 13, 2023

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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