Artificial intelligence (AI) refers to the capability of a computer or a computer-controlled robot to perform tasks that typically require human intelligence and judgment, such as problem-solving, decision-making, and learning.
Over the years, AI has evolved from basic Machine Learning algorithms to sophisticated concepts like Deep Learning. This advancement has enabled companies to address complex challenges such as fraud detection, medical diagnosis, weather forecasting, and much more.
There are various types of AI, such as rule-based systems, expert systems, neural networks, and more. While each operates differently, they all depend on algorithms and data to make decisions and generate predictions.
4. What advantages does AI offer, and what are the potential risks or challenges associated with it?
AI offers numerous benefits, including enhanced efficiency, accuracy, and speed in completing tasks. However, it also comes with potential risks, such as job displacement, biased decision-making, and the possibility of misuse.
Machine learning is a branch of AI that focuses on training algorithms using large datasets to make predictions or decisions. It serves as a fundamental component of many AI systems.
AI is poised to significantly impact the workforce and job market, potentially causing job displacement while also creating new roles that demand a different set of skills.