UK government says a new AI tool helped it recover almost £500 million in fraud losses - and now it's going global

Cash.

• AI fraud detection system helped UK government recover record £480m in one year
• It targeted Bounce Back Loan fraud and prevented thousands of suspicious firms from dissolving
• Civil liberties campaigners warn against growing use of AI in government

The UK government says a new artificial intelligence system has helped its anti-fraud teams recover almost £500 million over the past year, the largest amount ever reclaimed in a 12-month period.