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Glossary Technology & AI

Hallucination

When an AI model states something false with the same confidence as something true. It is a property of how these models work, not a bug that has been fixed.

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Primary source

Original material such as a filing, a transcript, a dataset or a first-hand account, as opposed…

Quorum

The minimum number of members who must be present for a body to take a valid…

Custody

Who actually holds the keys. Self-custody means you do; a custodian means a regulated firm does,…

Valuation

An estimate of what a business is worth, usually derived from earnings, revenue or comparable companies.…

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