Part 4/8:
AI technology functions by quickly analyzing vast datasets to detect patterns of behavior that deviate from the norm. It scans for anomalies such as fake claims, fraudulent attempts, or other illegal activities that would typically go unnoticed by humans until it’s too late. The primary goal of employing AI is to protect taxpayer money and ensure critical funds reach legitimate beneficiaries.
The scale of payments handled by the Treasury is immense — nearly $7 trillion annually, resulting in about 1.4 billion payments distributed to 100 million individuals. This immense flow of money makes the Treasury a prominent target for fraudsters, who create fake identities and submit false claims to siphon off taxpayer funds.