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Elon Musk threw his weight behind Trump transition co-chair Howard Lutnick for Treasury secretary on Saturday, signaling a late move to influence a looming – and key – choice. Why it matters: Musk has grown increasingly important in President-elect Trump’s orbit, and Treasury secretary is one of the last major posts not yet filled. While […]
The U.S. Treasury Department said its expanded use of machine learning systems helped detect and prevent billions of dollars in fraudulent payments in 2024, claiming the approach contributed to the recovery of more than $4 billion. What do you think? “Pretty soon we’ll be able to commit fraud and solve it without needing a single […]
The US Treasury Department says AI tools prevented criminals from stealing $4 billion in taxpayer dollars this year, a dramatic increase from $653 million last year. The tools have been “transformative,” Renata Miskell, a top Treasury official, tells CNN. They don’t use generative AI, like ChatGPT, but rather are machine learning-based. They’re helping identify high-risk […]