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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
Economic rent and transfer earnings
Labour markets

Economic rent and transfer earnings

Published on January 17, 2020

Wages and employment
Labour markets

Wages and employment

Published on January 17, 2020

Supply of labour
Labour markets

Supply of labour

Published on January 17, 2020

Business motives
Business economics

Business motives

Published on January 17, 2020

Costs
Business economics

Costs

Published on January 17, 2020

Revenue
Business economics

Revenue

Published on January 17, 2020

Production
Business economics

Production

Published on January 17, 2020

Demand for labour
Labour markets

Demand for labour

Published on January 17, 2020

Revenue and sales maximisation
Business economics

Revenue and sales maximisation

Published on January 17, 2020

Unequal income distribution
Market failures

Unequal income distribution

Published on January 17, 2020

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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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