What is artificial intelligence?

AI is defined as human intelligence exhibited by machines. A report from NVIDIA (NASDAQ:NVDA) states that AI is transforming the world and that its origins stretch back to the post-World War II era. The company credits the development of open-source frameworks for creating a revolution backed by the development of graphics processing units with faster and more powerful chips to support machine learning and deep learning.

While “Narrow AI” is currently in play, the natural progression is towards “General AI,” which in concept is a machine that has human senses and does things just like humans do. AI and machine learning often get intertwined. Eric Schmidt, chairman of Alphabet (NASDAQ:GOOG), has explained the difference between these two aspects of the fourth industrial revolution. Schmidt has said that machine learning is “how the system looks at the complex sets of data” and learns from the data, while AI is how the data is expressed. Further, Schmidt has noted that the terms are used interchangeably, pointing to Google’s Google Photos and Google Translate products as examples of AI in play. “We think of it as a human like experience and intelligence but what really happened is that machine has learned from patterns,” he said.