Policymakers Must Consider the Limitations of AI in Reviving the UK Economy

Generative artificial intelligence (AI), particularly large language models (LLMs), is rapidly being integrated across various sectors, from healthcare to education. However, concerns are rising regarding their reliability, primarily due to “hallucinations”—instances where these models generate false information while appearing credible. Legal professionals, for instance, have encountered fictional laws and cases produced by LLMs, raising alarms about their potential misuse. Experts argue that the models are not built for reasoning but for predicting plausible text, leading to misinformed outputs, or what some have termed “bullshit.” This raises important questions about the role of AI in workplaces: should it replace or assist human employees? Critics emphasize that AI’s integration must prioritize augmentation rather than replacement, pointing out that current capabilities may only affect a small fraction of jobs. As AI technology evolves, a balanced approach is essential to mitigate its drawbacks, including misinformation and resource costs.

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