Artificial intelligence (AI) can be understood as a science, engineering and deployment of machines, which perform tasks with intelligence as similar to humans. Since its inception 60 years ago, AI has observed significant growth in recent years. Initially, AI was considered as topic for academicians, though in recent years with development of various technologies, AI has turned into reality and is influencing many lives and businesses. Additionally, evolution of various other supplementary technologies such as cloud computing, machine learning and cognitive computing are collectively paving the growth of the market for AI. According to Mr. Sachin Garg - Associate Director at MarketsandMarkets who tracks the global semiconductor market, the global artificial intelligence chipset market is expected to be worth USD 16.06 Billion by 2022, growing at a CAGR of 62.9% between 2016 and 2022.

It's a process of reference and pattern-matching to loose assembly, vetting and editing.

Have you ever played the game breakout? You know, the video game where you bounce a ball into the blocks at the top of the screen to break them. Well, for beating that game like you did as a child Google paid $500 million. Yep, a company that built an AI to beat breakout is worth half a billion. Okay…so this company, DeepMind, is not just about winning video games.

On Monday at the World Government Summit in Dubai, Elon Musk suggested that humans must merge with machines or become irrelevant in the Artificial Intelligence (AI) age. Musk said, "Over time, I think we will probably see a closer merger of biological intelligence and digital intelligence. In an age when AI threatens to become widespread, humans would be useless, so there's a need to merge with machines," according to Musk. He described his concern of "deep AI" which reaches far beyond driverless cars in what he called "artificial general intelligence". This is when AI becomes "smarter than the smartest human on earth" and he called it a "dangerous situation".

A new report from the UN's International Labour Organization (ILO) has found that working remotely can lead to insomnia and increased stress levels. The study, titled Working anytime, anywhere: The effects on the world of work, analysed the working habits of people from the UK, Belgium, France, Finland, Germany, Hungary, Italy, the Netherlands, Spain, Sweden, Argentina, Brazil, India, Japan and the US. It made distinctions between three groups of workers: those who work from home regularly, 'highly mobile' employees who work in various locations away from the office and those who split their time between the office and home. The giant human-like robot bears a striking resemblance to the military robots starring in the movie'Avatar' and is claimed as a world first by its creators from a South Korean robotic company Waseda University's saxophonist robot WAS-5, developed by professor Atsuo Takanishi and Kaptain Rock playing one string light saber guitar perform jam session A man looks at an exhibit entitled'Mimus' a giant industrial robot which has been reprogrammed to interact with humans during a photocall at the new Design Museum in South Kensington, London Electrification Guru Dr. Wolfgang Ziebart talks about the electric Jaguar I-PACE concept SUV before it was unveiled before the Los Angeles Auto Show in Los Angeles, California, U.S The Jaguar I-PACE Concept car is the start of a new era for Jaguar. Japan's On-Art Corp's CEO Kazuya Kanemaru poses with his company's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' and other robots during a demonstration in Tokyo, Japan Japan's On-Art Corp's eight metre tall dinosaur-shaped mechanical suit robot'TRX03' performs during its unveiling in Tokyo, Japan Singulato Motors co-founder and CEO Shen Haiyin poses in his company's concept car Tigercar P0 at a workshop in Beijing, China A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo.

IBM sees a big future in the Internet of Things. The company unveiled its $200 million IoT headquarters in Munich this week as part of its planned $3 billion investment in the connected devices industry. So far, however, the tech behemoth has mostly lent Watson's brains to larger companies and research projects. That's about to change thanks to a new partnership from IBM, Indiegogo and Arrow Electronics that promises to give independent developers and entrepreneurs access to those same machine learning tools. According to IBM, any qualified Indiegogo project will have free access to the Watson IoT platform and cloud services for an unlimited amount of time.

This story is part of our special coverage, The News in Crisis. When Republican Steve King beat back Democratic challenger Kim Weaver in the race for Iowa's 4th congressional district seat in November, The Washington Post snapped into action, covering both the win and the wider electoral trend. "Republicans retained control of the House and lost only a handful of seats from their commanding majority," the article read, "a stunning reversal of fortune after many GOP leaders feared double-digit losses." The dispatch came with the clarity and verve for which Post reporters are known, with one key difference: It was generated by Heliograf, a bot that made its debut on the Post's website last year and marked the most sophisticated use of artificial intelligence in journalism to date. When Jeff Bezos bought the Post back in 2013, AI-powered journalism was in its infancy.

In April 2016, Uber announced the acquisition of Otto, a San Francisco-based startup that has developed a kit that can turn any big rig into a self-driving truck. The Otto technology enables complete autonomy on highways: trucks can navigate, stay in their lane, and slow or stop in response to traffic conditions completely without human intervention. Otto's equipment currently costs about $30,000, but that is certain to fall significantly in the coming years. Otto is by no means alone. Massive automated vehicles are already commonly used to move materials for the Australian mining industry.

In the past, you needed specialized talent to put machine learning into action: "Quants" who are educated in the language and methods and "translators" who could bridge the disciplines of data, machine learning, and decision making to reframe complex results into executable insights. Now modern business applications take on the roles of data scientists. They feature user-friendly interfaces and integrated AI technology that let business users reap the rewards of machine learning – without extensive training, and often with the push of a few buttons.

There's been a lot of chatter in banking circles lately about chatbots. Of course, as with most things in nascent technology, that chatter is a bit divided on whether chatbots are ready for primetime. Barclays, Societe Generale, USAA, BBVA, and Capital One have begun actively experimenting with them. Bank of America has said it will roll out a chatbot named "erica" this year. As she demoed erica at Money 2020 this year, Michelle Moore, the bank's head of digital banking, said it will be "the trusted adviser to our 45 million households."