US Treasury Recovers $4B in Fraud Using AI

The U.S. Treasury used AI to recover $4 billion in fraud and improper payments in the 2024 fiscal year, a significant increase from $652.7 million recovered the previous year. The department began implementing machine learning AI in late 2022 to analyze large data sets and enhance fraud detection. In the 2024 fiscal year, the United […] source: https://coinscreed.com/us-treasury-recovers-4b-in-fraud-using-ai.html