What is artificial intelligence (AI) ?

Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. Specific applications of AI include expert systems, natural language processing, speech recognition and machine vision.

Why is artificial intelligence important ?

AI is important because it can give enterprises insights into their operations that they may not have been aware of previously and because, in some cases, AI can perform tasks better than humans. Particularly when it comes to repetitive, detail-oriented tasks like analyzing large numbers of legal documents to ensure relevant fields are filled in properly, AI tools often complete jobs quickly and with relatively few errors.

Advantages

• Good at detail-oriented jobs;
• Reduced time for data-heavy tasks;
• Delivers consistent results;
• AI-powered virtual agents are always available.

Disadvantages

• Expensive;
• Requires deep technical expertise;
• Limited supply of qualified workers to build AI tools;
• Only knows what it’s been shown; and
• Lack of ability to generalize from one task to another.

What are the 4 types of artificial intelligence ?

an assistant professor of integrative biology and computer science and engineering

• Reactive machines. These AI systems have no memory and are task specific.
• Limited memory. These AI systems have memory, so they can use past experiences to inform future decisions.
• Theory of mind. Theory of mind is a psychology term. When applied to AI, it means that the system would have the social intelligence to understand emotions.
• Self-awareness.In this category, AI systems have a sense of self, which gives them consciousness. Machines with self-awareness understand their own current state. This type of AI does not yet exist