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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
Inferior Commodity
Definitions Business economics

Inferior Commodity

Published on June 05, 2024

Equilibrium Quantity
Definitions Competitive markets

Equilibrium Quantity

Published on June 04, 2024

Laptop in the background that is fuzzy.
Behavioural economics Business economics Competitive markets

Transaction Cost Economics and the Rise of Self-Service Moving Platforms

Published on June 01, 2024

Image of buildings next to a body of water.
Behavioural economics Business economics Competitive markets

Economies of Scope and the Rise of Global Legal Service Platforms

Published on June 01, 2024

Man's hands typing on a macbook air.
Behavioural economics Business economics Competitive markets

Tax Arbitrage and Fiscal Competition: How Entrepreneurs Use Jurisdictional Differences to Optimize Taxes

Published on June 01, 2024

Considerations in Changing Succession Laws Globally

Considerations in Changing Succession Laws Globally

Published on May 30, 2024

Contagion Meaning in Economics
Definitions Global economics

Contagion Meaning in Economics

Published on May 29, 2024

Deindustrialisation
Definitions Global economics

Deindustrialisation

Published on May 29, 2024

Green and Red net grid meant to represent machine learning nodules
Business economics Competitive markets Factors of production

Comparative Advantage and the Rise of B2B AI & ML Development Services

Published on May 29, 2024

The Economics of Internet Shutdowns: The Global Cost of Digital Censorship

The Economics of Internet Shutdowns: The Global Cost of Digital Censorship

Published on May 29, 2024

Newer Posts
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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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