Artificial Intelligence has been around for decades, but because of the latest technological trends, AI applications are constantly evolving.
AI has a deep history that is ever-changing. AI has the power to address different challenges and predict outcomes, but being able to take advantage of the opportunity requires an understanding of the past, the present and the future.
The field of AI goes back to the 1940’s. This concept grew academically in the 1950’s and through government-sponsored projects in the 1960’s. Finally, funding eventually died in the 1970’s.
The next phase was in the 80’s where AI techniques were being moved from academic applications into the business world. During this time it was discovered that AI could be used to predict stock prices allowing it to solve more complex business problems.
During the 80’s and 90’s, robotics entered factories, showing the potential for machines to completely change an industry. Hence, this created a fear and backlash against AI technology, slowing its growth again.
If you would like to understand the history of AI in more detail, then take a look at this youtube video:
In recent years, we have seen a significant surge in Artificial Intelligence technologies, such as robotics being used for surgeries and the third generation of AI – The Era of Deep Learning. Therefore, we can see innovation happening at a fast pace, with leaders such as Google using deep learning algorithms to create predictive models.
Furthermore, AI is already being used many scale applications. The most common examples are:
Personal assistant robots