AI tools are becoming common in family offices, but they often produce...

https://rileysexcellentnews.readspirex.com/posts/grok-hallucinations-what-are-the-common-failure-modes

AI tools are becoming common in family offices, but they often produce “hallucinations”—inaccurate or fabricated info. Studies show hallucination rates range from 22% to 94%, with some outputs only 50% accurate and up to 20% containing material errors