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AI tools can sometimes produce “hallucinations,” where generated information isn’t accurate. Studies show hallucination rates range from 22 to 94%, with some models only 50% accurate and up to 20% of outputs containing material errors
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AI tools can mislead with errors known as hallucinations, ranging from 22% to 94% in some cases. For family offices managing complex wealth, this means nearly half of AI outputs may be unreliable, with up to 20% containing material mistakes