Specifically it's not good at being right, it's good at sounding right and that is incredibly dangerous! As someone with a decade of professional copy editing experience, you miss the mistakes that seem reasonable not the obvious errors and that's one thing that makes AI such a terrible prospect
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One time we got a report about a woman who "died after a lightning strike", so we called to confirm and they told our desk that yes a
Died after, and killed by lightning are two wildly different things! But would you have asked?