What Caused the AI Renaissance

Artificial intelligence (AI) is not a new concept, with its origins dating back to the 1950s. Yet AI has only recently emerged to the forefront of investment interest from industry, government, and venture capital after decades of relative dormancy. What contributed to the thawing of AI's winter and current boom? AI is booming largely due to advancements in pattern recognition capabilities resulting from deep learning--a subset of machine learning where an artificial neural network consists of over two layers of processing. Machine learning is a subset of AI that involves algorithms that are able to learn from data, versus a programmer having to explicitly code instructions.