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Al Jazeera
Al Jazeera
National

AI helping US Treasury bust fraudsters, saving billions

United States IRS Janet Yellen
US Treasury Secretary Janet Yellen speaks during a conference on artificial intelligence (AI) and financial stability at the US Treasury Department on June 6, 2024 [Anna Moneymaker/Getty Images/AFP]

The United States Treasury Department is turning more to artificial intelligence (AI) to fight fraud, using the technology to thwart $4bn in improper payments in the last year.

The agency released the estimate in a press release Thursday announcing the success of its “technology and data-driven approach”.

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