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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
Efficiency
Business economics

Efficiency

Published on January 17, 2020

Profits
Business economics

Profits

Published on January 17, 2020

The minimum and living wage
Labour markets

The minimum and living wage

Published on January 17, 2020

Zero hours contracts
Labour markets

Zero hours contracts

Published on January 17, 2020

Trade unions and the labour market
Labour markets

Trade unions and the labour market

Published on January 17, 2020

Monopsony power and remedies
Labour markets

Monopsony power and remedies

Published on January 17, 2020

Monopsony
Labour markets

Monopsony

Published on January 17, 2020

Labour market discrimination
Labour markets

Labour market discrimination

Published on January 17, 2020

Wage differentials
Labour markets

Wage differentials

Published on January 17, 2020

Labour market failures
Labour markets

Labour market failures

Published on January 17, 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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