The author is referring to LLMs. The article is displaying extreme ignorance or willful misinformation. Machine learning algorithms are highly effective for fraud detection, employee performance assessment, and risk identification across various industries and have been used for years. This isn't beta. These type of algos have been around for decades. Fraud Detection: Financial institutions use ML to identify suspicious transaction patterns that may indicate fraud Credit card companies employ ML to detect unusual spending behavior in real-time Insurance companies leverage ML to flag potentially fraudulent claims Employee Assessment: ML can identify performance patterns and productivity trends Can help detect insider threats or policy violations Supports data-driven hiring decisions by analyzing successful employee attributes Industry Applications: Financial Services: Risk assessment, credit scoring, algorithmic trading Technology: Content recommendation, user behavior prediction, cybersecurity Healthcare: Patient risk stratification, diagnosis assistance, treatment optimization Retail: Inventory management, customer segmentation, personalized marketing Manufacturing: Predictive maintenance, quality control, supply chain optimization These algorithms excel at finding subtle patterns in complex datasets that humans might miss, making them powerful tools for identifying anomalies and making predictions based on historical data. I will send you a bill later for the lesson.
No. The reporting is they are using an AI program on the Microsoft cloud and they are customizing a chatbot for GSA.