Artificial Intelligence Problems and Limitations – Data Overfitting

Artificial Intelligence (AI) is one nowadays of the most trending IT topics, as it empowers novel applications that exhibit human-like capabilities. At the same time, there is a heated debate about the pros and cons of AI when compared to Human Intelligence (HI). AI is to date very efficient when dealing with domain specific problems like chess and GO, where no human can currently beat the top AI-based programs. However, AI performs poorly in problems where intelligence needs to be transferred and applied in different contexts. Humans are much more efficient than computers in generalizing their knowledge and applying it in different settings. AI and HI can both lead to erroneous decisions, especially when these decisions are biased.