Albert Gallatin and the rest of the Treasury Department have a new friend. | Shutterstock

October 18, 2024

In the eternal moral battle over artificial intelligence, you can chalk up another for the (artificial) angel on the right shoulder.

The Treasury Department this week said a learning AI helped the agency prevent and recover more than $4 billion worth of fraud in fiscal year 2024 - a six-fold increase from the year before. The AI analyzes vast amounts of data and makes decisions and predictions based on what it’s learned. It is now helpful in fighting financial crime by combing data, detecting patterns, and identifying suspicious transactions almost instantly. This should be great news for everyone, since no one likes paying taxes. 

But just as I was wrapping up this email, a story on AI being used to trick someone out of $25 million popped up. He just couldn’t help himself, could he. Oh, the constant struggle. 

Now, RTO Insider recovered this news to give back to the people.

From everyone at RTO Insider, thanks for reading and enjoy the rest of your day! Also, be sure to check out our latest news from NetZero Insider below! 

Shawn McFarland 

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