A Brief History of Artificial Intelligence (AI) and the State of the Industry Today

AI and related ML (machine learning) are already having a very significant impact on everyday life. Much of this AI use is running in the background, determining the risk in insurance policy applications, checking for fraud when consumers login to payment platforms and ecommerce sites, powering smart chatbots on websites, and enabling transportation systems and manufacturing plants to operate more efficiently.

While most of its uses are relatively new, AI research has been conducted for many decades. The concept of artificial intelligence (often referred to as “AI”) continues to evolve, as scientists and software engineers gain a greater understanding of reasonably possible goals for this technology. In 1956, John McCarthy may have been the first to use the phrase, describing artificial intelligence as “the science and engineering of making intelligent machines.” This was a pretty dramatic statement, considering the barely advanced state of computers and robotics at the time.

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A Brief History of Artificial Intelligence (AI) and the State of the Industry Today, Business and Industry Trends Analysis

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