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Snapshot 6:Thu, Oct 17, 2024 8:13:11 PM GMT last edited by NickBurk

Report: US Treasury Has Used AI to Catch $1B in Fraud This Year

Report: US Treasury Has Used AI to Catch $1B in Fraud This Year

Image copyright: Al Drago/Contributor/Bloomberg via Getty Images

The Spin

While we must be cautious around these novel technologies, this news should excite every American taxpayer who wants their money well cared for and spent. With machine learning, AI can constantly improve its skills to detect patterns of fraud in milliseconds. We'll always need humans to ensure proper use, but with the help of AI, criminals should prepare for a hard road ahead — and taxpayers should rest assured that their contributions are well taken care of.

While the government offers nice platitudes about using AI for good while restraining its bad aspects, the truth is that the corporations whothat own these technologies also own the government. The US federal government, which played a significant role in funding AI development, is now handing it over to corporations to control every aspect of our lives. The interrelationship between the public sector and Silicon Valley's AI complex needs close scrutiny.

Metaculus Prediction

There is a 50% chance that an artificial intelligence will be mentioned in a constitution of a major sovereign country by May 2039, according to the Metaculus prediction community.


The Controversies



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