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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
People shopping on an outdoor market with white tents lining a street, offering clothes and good.

Paradox of Thrift

Published on August 10, 2024

Vazgen Gevorkyan

Gevorkyan Vazgen Simonovich: An Entrepreneurial Profile

Published on August 09, 2024

Screen of software development console open, with black background.
Business economics Competitive markets

Innovation Economics and Endogenous Growth Theory: How SaaS Clusters Drive Knowledge Spillovers and Productivity Gains

Published on August 09, 2024

A photo of a cobweb.
Definitions Competitive markets

Cobweb Theory in Economics

Published on August 04, 2024

A black-and-white photo of two people in the meeting room discussing.
Definitions Business economics

Actuarial Science vs. Economics

Published on August 04, 2024

A black-and-white chess scene with a king and queen standing upright amidst scattered chess pieces.
Definitions Global economics

Economic Defeatism

Published on August 04, 2024

A hand reaching toward two black cards placed on a wooden surface, one labeled "BUY" and the other labeled "SELL".
Forex Trading Business economics

Trading Platforms Offering More Bespoke Services As Competition Increases

Published on August 03, 2024

A person working on a laptop with the screen displaying an e-commerce platform layout.
Business economics

Small Business Share of Global Economy Grows As Ecommerce Barriers Decrease

Published on August 03, 2024

Three copper coins, including British pennies, placed on a white wooden surface.
Definitions Factors of production

Economic Rent Definition

Published on August 03, 2024

Two chefs working in a kitchen.
Behavioural economics Business economics

Hedonic Pricing and Consumer Surplus in the Experience Economy: Why We Hire a Chef

Published on August 03, 2024

Newer Posts
Page 57 of 199
Older Posts
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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