Neural networks have hit the peak of a hype cycle, according to a panel of experts at an event marking the 50th anniversary of the Alan Turing Award. The technology will see broad use and holds much promise, but it is still in its early days and has its limits. Many panelists said that artificial intelligence is a misnomer for neural networks, which do not address fundamental types of human reasoning and understanding. Instead, they are tools to take on a long journey to building AI. The discussion of deep learning was particularly relevant given Turing's vision that machines would someday exceed humans in intelligence.