DEVELOPING: AI Tool Unleashes £500m Windfall as Government Cracks Down on Fraud

BREAKING NEWS UK Government Recovers £480m from Fraud using AI Tool, Announces Plans to License Technology Globally The UK government has announced that a new artificial intelligence tool has helped recover nearly £500m lost to fraud over the past year. The figure, which is the largest sum ever reclaimed by government anti-fraud teams in a single year, includes £186m related to Covid-19 pandemic-related scams. This massive windfall will be used to fund vital public services, including the recruitment of nurses, teachers, and police officers. The AI tool, which has been instrumental in identifying fraudulent activity, is set to be licensed to other countries, including the US and Australia. The government's anti-fraud efforts have focused on tackling Covid-19-related scams, unlawful council tax claims, and illegal subletting of social housing. The use of AI technology has been a key factor in this success, allowing authorities to quickly identify and recover lost funds. This development comes as the government cracks down on fraud, with ministers vowing to hold those responsible accountable for their actions. The recovery of £480m is a significant blow to those who have attempted to exploit the system during the pandemic. The AI tool's licensing to other countries marks a major step forward in global efforts to combat financial crime. As the government continues to crack down on fraud, this development highlights the importance of innovative technology in supporting law enforcement and protecting public funds. This is a developing story. We will provide further updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*