Artificial Intelligence: Industry Report and Investment Case

Artificial Intelligence (AI) is the augmentation and imitation of human activity and behavior to increase output or efficiency. Driven in large by technological advancements and an increase in implementation and demand, this burgeoning field has gained a lot of attention in the last few years. However, its underlying sciences have been in development for decades. By the 1950's, a generation of scientists discussed the concept of an artificial brain. In 1956, John McCarthy coined the term AI when he, along with other researchers, claimed in their proposal for the Dartmouth Research Project on AI that "every aspect of learning or any other feature of intelligence can in principle be so precisely described that a machine can be made to simulate it".