AI IN FINANCE
AI Helped US Treasury Stop $4b Worth of Fraud
Wondering what the big hoopla is about with AI? Well, the US Treasury department has leveraged the use of AI to stop a whopping $4 billion worth of financial fraud in 2024 alone!
Let’s talk metrics, that’s a 6 times improvement over the previous year! (So, many exclamations I know.)
But, if you’re worried they’re letting AI do all the work, ultimately, humans make the final decision but with the aid of AI.
AI IN FINANCE
AI Tools for Financial Analysts
Speaking of AI, wondering what AI tools are available for financial analysis? Here you go!
MARKETS
ECB Cuts Rates for Third Time
Worried about weakening economic outlook, the European Central Bank (ECB) cut interest rates for the third time this year by another quarter percentage point, down to 3.25%.
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