It’s mostly marketing. “AI” is a buzzword that MBAs use to get money from financial backers or generate hype for their products. Unfortunately it works quite well because people like Elon Musk can sell people on his “self driving cars” that don’t really work, while driving Tesla’s stock price through the roof.
There are some things that have facilitated this hype:
More powerful computers able to handle and process large quantities of data.
Access to more data through various means (phones, watches, internet browsing, etc).
Some successful practical and easily accessible applications (image processing, language processing, etc).
But the effectiveness of AI is overstated. If you come from a math or engineering background you would recognize AI as a combination of system identification, adaptive estimation, statistics, linear algebra, and optimization. It is basically an interesting and in some cases useful application of mathematics from various fields. It isn’t some magical method that mimics human intelligence.
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