AI tools can sometimes produce inaccurate information, known as hallucinations, with error rates ranging from 22% to as high as 94% in certain tasks. For family offices managing sensitive data and high-stakes decisions, this poses real risks
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AI tools can sometimes generate inaccurate information—what experts call "hallucinations." Studies show these errors can range from 22% to 94%, with some outputs only 50% accurate and up to 20% having material mistakes
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