**US Treasury Uses AI to Recover $4 Billion in Fraud**

The US Department of Treasury announced a significant breakthrough in fraud detection, recovering $4 billion in the 2024 fiscal year using artificial intelligence. This marks a substantial increase from the $652.7 million recovered the previous year.

- **AI Implementation**: The Treasury began using machine learning AI in late 2022 to analyze vast data sets and detect fraud.

- **Transformative Impact**: Treasury official Renata Miskell highlighted the transformative power of AI in identifying hidden patterns and anomalies.

- **Broader AI Use**: The Treasury plans to expand AI use for regulatory and enforcement efforts against financial crimes. Other departments, like the IRS, are also leveraging AI for tasks such as detecting tax evasion.

Deputy Secretary Wally Adeyemo emphasized the agency's commitment to safeguarding taxpayer money. With online payment fraud expected to surpass $362 billion by 2028, AI's role in financial oversight is becoming increasingly crucial.