AI tools can sometimes ‘hallucinate’ information, with error rates ranging from...

https://ellasexcellentcolumns.quantlynix.com/posts/how-do-institutional-investors-handle-ai-hallucination-risk

AI tools can sometimes ‘hallucinate’ information, with error rates ranging from 22% to 94% depending on the task. For family offices, this risk is real—studies show AI outputs may be only 50% accurate, and 20% of those errors materially impact decisions