In short, yes, Artificial Intelligence is effective in fighting fraud. It is already preventing a lot of fraud and is expected to dramatically decrease all cases of fraud in as little as 4 years. Artificial intelligence (AI) may be the only way to combat this. Whether it is the latest iPhone or software which makes running your business more efficient, we crave it. Every time a new update or bit of tech comes out, there comes new ways for fraudsters to exploit it.