AI : The new arms race?

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