Sam Altman, the CEO of artificial intelligence lab OpenAI, told a Senate panel he welcomes federal regulation on the technology "to mitigate" its risks. President Biden told hundreds of U.S. Air Force Academy graduation attendees on Thursday that scientists are warning about the capabilities of artificial intelligence. "I met in the Oval Office, in my office, with 12 leading -- no, excuse me, eight leading scientists -- in the area of AI," he said, speaking at Falcon Stadium in Colorado. "Some are very worried that AI can actually overtake human thinking and planning," Biden noted. "So we've got a lot to deal with."

Artificial Intelligence (AI) is already underway. Perhaps, not the way you may have been led to think. Though AI has been a recurring topic since the 1950s, it is only now that the field started gaining traction due to the advancement in technology and algorithms. Most companies are excited to join the new fray of the AI trend. With modern AI, deep learning techniques, and natural language processing (NLP), organizations are ready to embark on the AI journey.