U.S. Treasury Used Artificial Intelligence to Recover $4 Billion in Fraud Last Year
On October 18, the U.S. Treasury Department said on October 17 that it used artificial intelligence to sift through data and recover $4 billion in “fraud and improper payments” in fiscal year 2024, according to Cointelegraph. By using AI, the Treasury's fraud recoveries nearly quadrupled from the previous fiscal year, when it recovered $652.7 million in fraudulent payments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A Giant Whale Liquidated a Position of 3,066 ETH Three Hours Ago for a $1.05 Million Profit
Data: A “Diamond Hand” Address Sells Nearly 200 BTC, or $13.55 Million, Again