Feb 28, 2024

AI is Uncle Sam’s new secret weapon to fight fraud

Posted by in category: robotics/AI

Imagine that.

Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: artificial intelligence.

Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned.

The strategy mirrors what is already being done in the private sector. Banks and payment companies are increasingly turning to AI to root out suspicious transactions – which the technology can often do with lightning speed.

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