There was so much fraud on COVID loans, the feds trained an anti-fraud AI on the applications
Had it been around in 2020, it could have flagged tens of billions before payouts, PRAC tells Congress A fraud-detection AI model trained on COVID-19 loan data could have flagged potentially tens of billions of dollars in payments before they went out, reducing the feds' pay-and-chase cleanup, the US government's Pandemic Response Accountability Committee told Congress on Tuesday....