UK government says a new AI tool helped it recover almost £500 million in fraud losses - and now it's going global

The UK government has announced that its innovative AI fraud detection system has successfully recovered nearly £500 million in lost revenue within just a year. This impressive achievement highlights the potential of AI technology in combating fraud and could set a precedent for other countries looking to enhance their financial security. As the UK plans to expand this tool globally, it could revolutionize how governments tackle fraud, ultimately saving taxpayers' money and improving trust in public financial systems.