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AI tools can misinterpret data, with hallucination rates between 22% and 94%,...

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 tools can misinterpret data, with hallucination rates between 22% and 94%, causing accuracy to drop as low as 50%. For family offices, this means relying solely on AI-generated information risks material errors, sometimes seen in 20% of cases