Artificial intelligence (AI), is intelligence demonstrated by machines, unlike the natural intelligence displayed by humans and animals, which involves consciousness and emotionality. The distinction between the former and the latter categories is often revealed by the acronym chosen. 'Strong' AI is usually labelled as AGI (Artificial General Intelligence) while attempts to emulate 'natural' intelligence have been called ABI (Artificial Biological Intelligence). Leading AI textbooks define the field as the study of "intelligent agents": any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals.[3] Colloquially, the term "artificial intelligence" is often used to describe machines (or computers) that mimic "cognitive" functions that humans associate with the human mind, such as "learning" and "problem solving".
As machines become increasingly capable, tasks considered to require "intelligence" are often removed from the definition of AI, a phenomenon known as the AI effect. A quip in Tesler's Theorem says "AI is whatever hasn't been done yet." For instance, optical character recognition is frequently excluded from things considered to be AI, having become a routine technology. Modern machine capabilities generally classified as AI include successfully understanding human speech, competing at the highest level in strategic game systems (such as chess and Go), autonomously operating cars, intelligent routing in content delivery networks, and military simulations.
In the twenty-first century, AI techniques have experienced a resurgence following concurrent advances in computer power, large amounts of data, and theoretical understanding; and AI techniques have become an essential part of the technology industry, helping to solve many challenging problems in computer science, software engineering and operations research.
Artificial Intelligence Applications:
Manufacturing robots
Smart assistants
Proactive healthcare management
Disease mapping
Automated financial investing
Virtual travel booking agent
Social media monitoring
Inter-team chat tool
Conversational marketing bot
Natural Language Processing (NLP) tools
Airline Route Planning
Price Comparision
Image Recognition
Delivery Logistics
Self-Driving Cars
and many more...
(Courtesy: https://en.wikipedia.org/wiki/Artificial_intelligence/)