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AI tools can be a great help for family offices, but they’re not perfect. Research shows hallucination rates can vary widely—from 22% up to 94%—with some outputs only about 50% accurate

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Family offices increasingly rely on AI tools, but hallucinations—where AI outputs false information—are common, ranging from 22% to 94%. Accuracy can dip to around 50%, with up to 20% of errors deemed material