Haywood Talcove, the CEO of LexisNexis Risk Solutions' Government division, told Fox News Digital that he believes there will be over $1 trillion in artificial intelligence-assisted fraud if U.S. doesn't act quickly. The White House said Tuesday it will soon take "decisive actions" to get ahead of the rapid advancement of AI technology. "The White House Chief of Staff office is overseeing a process to rapidly develop decisive actions we can take over the coming weeks," a White House official said. "White House principals have met to discuss this issue 2-3 times a week in addition to ongoing daily work being done across the White House and agencies," the official added. "White House officials are also working on securing commitments from leading AI companies to combat challenges from the government and the private sector side."