US Treasury Recovers $4B in Fraud Using AI
The U.S. Treasury used AI to recover $4 billion in fraud and improper payments in the 2024 fiscal year, a significant increase from $652.7 million recovered the previous year. The department began implementing machine learning AI in late 2022 to analyze large data sets and enhance fraud detection. In the 2024 fiscal year, the United […]
Dtravel Joins Fetch.ai Network to Launch Decentralized Vacation Rental Platform
Dtravel’s AI agents will introduce peer-to-peer rentals to Fetch.AI’s blockchain. On October 17, decentralized peer-to-peer vacation rental platform Dtravel announced that it has joined the nonprofit Fetch.ai Foundation. Additionally, Dtravel unveiled the launch of the first AI-powered travel agent for developers on the Fetch.ai marketplace. Launched in 2021, Dtravel’s decentralized home-sharing platform aims to provide […]
AI Deepfake Tool Reaches New Level in Bypassing Crypto Exchange KYC
According to Cato Networks, a new AI-powered deepfake tool called ProKYC allows criminals to bypass KYC measures on crypto exchanges, representing a significant advancement in fraud tactics. Cybersecurity firm Cato Networks has identified a “new level of sophistication” in crypto fraud, as evidenced by the development of ProKYC. This new AI-powered deepfake tool enables malicious […]
Aethir Launches $100M Ecosystem Fund
Aethir, a graphic processing unit (GPU) cloud computing provider, has announced the establishment of the $100 million Aethir Ecosystem Fund to accelerate AI and gaming. The Aethir Catalyst program is a component of the initiative intended to provide entrepreneurs and enterprises with access to high-performance GPU resources. The fund will distribute 336 million ATH tokens […]
VanEck Introduces $30M Ventures Fund for Crypto and AI
VanEck’s new $30 million fund, VanEck Ventures, will invest in fintech, crypto, and AI firms developing next-generation payments. VanEck, one of the U.S. issuers of spot Bitcoin exchange-traded funds (ETFs), has introduced a new initiative to support early-stage projects in the cryptocurrency and artificial intelligence sectors. On October 9, VanEck announced the launch of VanEck […]