Artificial Intelligence refers to the technology that attempts to simulate human intellect and may perform tasks such as collecting information, detecting patterns, speaking, and even making decisions. AI technologies include machine learning, deep learning, natural language processing, and robotics. AI is widely used through applications such as virtual assistants, self-driving cars, fraud detection tools, and healthcare diagnostics. AI can be separated into narrow AI which does a specific work, and general AI which tries to emulate human thinking in multiple areas.
AI impacts greater parts of economics and daily living by bringing better efficiency and automation but poses serious issues regarding privacy, bias, and even employment. New productivity innovations focused around AI have opened doors in finance, education, entertainment, and many others. On the other side, it is equally important to deal with data safety, lack of openness in decision making, and ethical usage of AI. There has to be a compromise between human values and technological development as it progresses to ensure it is used properly going forward.