AI being used in fraud detection shows a lot in how advanced AI really is. AI in fraud detection works on processing a lot of data and using that data to fish out frauds by learning from that data. The article stats, “Among these, machine learning can process large amounts of data at a much faster rate than people can. It can also be designed to become faster and more accurate over time Machine learning tools will be able to identify patterns of fraudulent behavior by looking at historical data that involved similar circumstances.” Fraud detection may not be a major thing for us humans in technology, but knowing that AI can process data way faster than humans can and that it can start to learn overtime from analyzing that data, imagine when AI can start to do this process in other parts of technology like cybersecurity. AI is pretty advanced now, but overtime it will become self teaching and won’t be much in need of humans soon.
