AI public safety investment to grow to $71B by 2030 to 'predict crime, natural disasters': study

Haywood Talcove, the CEO of LexisNexis Risk Solutions' government division, told Fox News Digital that he believes there will be more than $1 trillion in artificial intelligence-assisted fraud if U.S. doesn't act quickly. America's spending on artifical intelligence in public safety is projected to increase from $9.3 billion in 2022 to $71 billion by 2030, according to a new analysis by the Insight Partners research firm. The projected seven-year boom is expected to be fueled by global and domestic terrorism, a growing need for security training and rising public safety demands coming out of the pandemic, the study says. "From emergency response to disaster prevention, AI has the potential to revolutionize the way we manage crises and protect our communities," according to the study. "Through advanced algorithms, machine learning and predictive analytics, AI can help first responders and public safety officials make more informed decisions, respond more quickly to emergencies and even prevent disasters from occurring in the first place."