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

https://www.coast-bookmarks.win/ai-tools-can-be-helpful-but-come-with-risks-for-family-offices-studies-show-ai

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