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New York CNN —The federal government’s bet on using artificial intelligence to fight financial crime appears to be paying off. The Treasury Department credited AI with helping officials prevent and recover more than $4 billion worth of fraud overall in fiscal 2024, a six-fold spike from the year before. US officials quietly started using AI to detect financial crime in late 2022, taking a page out of what many banks and credit card companies already do to stop bad guys. The Treasury’s use of AI to fight financial crime is just getting started. Officials are testing new data sources to better spot fraud and shady payments, and they are teaming up with state agencies to fight unemployment insurance fraud.
Persons: That’s, “ It’s, Renata Miskell, ” Miskell, it’s, It’s, Janet Yellen, Yellen, Miskell, Organizations: New, New York CNN, US Treasury Department, CNN, Treasury, Treasury Department, Social Security, Internal Revenue Service, Juniper Research Locations: New York, Hong Kong
CNN —A contest planned for children in New Zealand to hunt and kill feral cats as part of a drive to protect native species has been axed following backlash from the public and animal rights groups. In neighboring Australia, authorities say feral cats threaten the survival of more than 100 native species. Feral cats are blamed for killing millions of birds, reptiles, frogs and mammals, every day, prompting authorities to arrange regular culls. The New Zealand Society for the Prevention of Cruelty to Animals said it was “both pleased and relieved” that the cat-killing contest for children had been removed. Blackie, who has studied feral cats for two decades, said numbers had exploded in the last decade, and in some areas where pests were tracked by camera, feral cats outnumbered other species like possums.
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