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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
Europe’s markets show strength in 2025?

Europe’s markets show strength in 2025?

Published on March 10, 2024

A neon sign that reads "PSYCHIC"
Behavioural economics Competitive markets Business economics Information Failure

The Economics of Credence Goods: How Unverifiable Services Thrive in Modern Markets

Published on March 10, 2024

Phone lines in a desolate field, all gray.
Business economics Information Failure

The Principle of Path Dependence: How Legacy Technology Like 1300 Numbers Continues to Drive Economic Advantage

Published on March 10, 2024

The Rise of Digital Goods and Their Impact on Traditional Retail

The Rise of Digital Goods and Their Impact on Traditional Retail

Published on March 09, 2024

Screen showing Chat GPT Plus
Competitive markets

The Risk of Automation: How B2B Services Are Replacing Lower-End White-Collar Jobs

Published on March 09, 2024

A large curved screen in the background and a male hand holding a smart phone with the skype logo in blue.
Behavioural economics Competitive markets Business economics

Network Effects and the Retirement of Skype: Analyzing Microsoft's Strategic Shift and Its Market Implications

Published on March 07, 2024

Company Formation in Foreign Jurisdictions: Legal and Administrative Requirements

Company Formation in Foreign Jurisdictions: Legal and Administrative Requirements

Published on March 06, 2024

Understanding Credit Risk: The Impact of Low Credit Scores on Borrowing Trends

Understanding Credit Risk: The Impact of Low Credit Scores on Borrowing Trends

Published on March 06, 2024

The Economics of Coastal Real Estate: Supply, Demand, and Long-Term Investment Potential

The Economics of Coastal Real Estate: Supply, Demand, and Long-Term Investment Potential

Published on March 06, 2024

The Economic Advantages of Adopting Cloud-Based CRM Solutions
Business economics

The Economic Advantages of Adopting Cloud-Based CRM Solutions

Published on March 05, 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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