ai, Treasury Department
US Treasury claims to have won back billions of dollars lost to fraud using AI
The US Treasury has announced machine learning AI is being used as part of its fraud detection process, helping it save a record amount of money for the department. Through this, the department claims to have recovered over $4 billion in improper payments,
Treasury Department now using AI to save taxpayers billions
The latest benefit from the artificial intelligence revolution: saving American taxpayers billions of dollars.
Treasury Department uses AI to recover $1 billion in fraud
The Treasury Department is taking advantage of artificial intelligence (AI) to prevent or recover check fraud and stopped more than $1 billion in fraudulent payments over the past year, the agency announced Thursday.
AI tools helped Treasury recover billions in fraud and improper payments
Risk screening, check fraud detection and more have helped the government recover more than $4 billion, Treasury announced.
US Treasury Taps AI to Catch Criminals Stealing $4 Billion of Your Taxes
The feds accelerate fraud detection with machine learning, catching up to similar techniques already in use by leading banks and credit cards.
Department of the Treasury
The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year. Discover the Winners of the 2024 Gizmodo Science Fair ➜ We may earn a commission when you buy through links on our sites.
AI use led the US Treasury to recover $4bn that would otherwise be lost to fraud
Artificial Intelligence (AI) has reportedly helped the US Treasury in fraud prevention. The government arm said that its enhanced detection program used AI to save and recover over $4 billion in FY24.
US Government Recovered $4 Billion Worth of Fraud With AI
The agency has been using machine learning to comb through mountains of data in search of patterns that point to fraud. The post US Government Recovered $4 Billion Worth of Fraud With AI appeared first on Tech.
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US Treasury Is Using AI To Fight Fraud With A Massive Savings Of Over $4B
Expediting the identification of Treasury check fraud with machine learning AI resulting in $1 billion in recovery.
US Treasury Says AI Tools Prevented $1 Billion of Fraud in 2024
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