The Risks and Benefits of Using AI to Detect Crime

Companies are using AI to prevent and detect everything from routine employee theft to insider trading. Many banks and large corporations employ artificial intelligence to detect and prevent fraud and money laundering. Social media companies use machine learning to block illicit content such as child pornography. Businesses are constantly experimenting with new ways to use artificial intelligence for better risk management and faster, more responsive fraud detection -- and even to predict and prevent crimes. While today's basic technology is not necessarily revolutionary, the algorithms it uses and the results they can produce are.