AGI in Fraud Detection: A Big Data Breakthrough
Introduction Artificial General Intelligence (AGI) represents a leap forward in computational capabilities, promising to perform any intellectual task that a human can. Unlike narrow AI, which excels in specific tasks like image recognition or language translation, AGI can adapt, reason, and learn across diverse domains. In the realm of fraud detection, where vast datasets and complex patterns pose significant challenges, AGI's ability to process and analyze big data offers a transformative breakthrough. This chapter explores how AGI is reshaping fraud detection, leveraging big data to enhance accuracy, efficiency, and adaptability in identifying fraudulent activities across industries such as finance, healthcare, and e-commerce. The Challenge of Fraud in the Big Data Era Fraud is a pervasive issue, costing industries billions annually. In 2024, global financial losses due to fraud were estimated to exceed $6 trillion, with cybercrime accounting for a significant portion. Trad...