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AI : The new arms race?

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Part 2 (Link to Part 1 ) In 2012 google brain team used a specific type of machine learning algorithm called Neural Networks. It was inspired by the working of the neurons in the human brain. Even though it was invented in 60's no one really cared about it since it took large amounts of data and computing power. So when google brain experimented with this algorithm they came to realize that it outperforms every other existing machine learning algorithms. This is when the AI hype began. Everyone started chasing this (Neural networks is also called deep learning). AI started to regain its long lost glory. Thanks to the massive computing power we have today and the data (thanks to world wide web) it became easier to create AI systems than ever before. People started solving problems that were never possible before. AI started revolutionizing banking, healthcare, manufacturing, cyber security, engineering and lot more. It not only revolutionized other industries, it als

AI : The new arms race?

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Part 1 AI is went mainstream last year. But AI has been there from a long time. Since the 60's. Why it has become a hot technology suddenly?   To answer this, let's travel back in time. To the 60's. It was 60's when the first AI boom was happened. (Also, bust) Researchers made grand claims about creating a generalized AI system that can solve any given problem in the next 20 years. Billions of dollars were invested in R&D. Suddenly everyone was hyped about this. (Just like whats happening now) At the time, there were AI systems that could solve problems that were hard for humans. Something that required prior knowledge. Things like diagnosing a disease. And researchers assumed that the problems that are hard for humans are hard for computers also. So if they could solve hard problems, they can solve everything else. They completely overlooked easier problems (For humans) like character recognition. Its only a decade later they started