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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
Monopoly power
Market failures

Monopoly power

Published on January 29, 2020

The stock market
Competitive markets

The stock market

Published on January 29, 2020

Lack of property rights
Market failures

Lack of property rights

Published on January 29, 2020

Minimum price for alcohol
Competitive markets

Minimum price for alcohol

Published on January 29, 2020

Indifference curves - income and demand
Competitive markets

Indifference curves - income and demand

Published on January 29, 2020

Indifference curves - prices and demand
Competitive markets

Indifference curves - prices and demand

Published on January 29, 2020

Index numbers
Competitive markets

Index numbers

Published on January 29, 2020

Euro-19
Global economics

Euro-19

Published on January 29, 2020

Limitations of GDP
Global economics

Limitations of GDP

Published on January 29, 2020

Global economics

Extension-Gini_co-efficient

Published on January 29, 2020

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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