AI can offer powerful insights for family offices, but hallucinations—when AI...

https://canadianfamilyoffices.com/special-reports/technology-sr/ai-has-the-makings-of-a-powerful-tool-for-family-offices-but-frequent-and-highly-convincing-hallucinations-are-proving-troublesome/

AI can offer powerful insights for family offices, but hallucinations—when AI generates incorrect or misleading info—pose a real risk. Studies show AI accuracy ranges from 22% to 94%, with some outputs containing up to 20% material errors