“Worldwide, some 14% of companies have already deployed some form of it in their processes or products, up from 4% a year ago, according to Gartner. In China, 14% of firms have embraced AI tech, an IBM executive said this week.
Businesses are expected to spend as much as $97.9 billion annually on AI projects by 2023, up from just $37.5 billion this year, IDC forecasts.
Perhaps the simplest definition of what constitutes AI came from one of the founders of the discipline, Stanford University Professor John McCarthy, who died in 2011. He defined AI as ‘using computers to understand human intelligence.'”