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.