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The Current Hype Cycle in Artificial Intelligence

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Prologue

Every decade seems to have its technological buzzwords: we had personal computers in the 1980s; Internet and worldwide web in 1990s; smartphones and social media in 2000s; and Artificial Intelligence (AI) and Machine Learning in this decade. However, the field of AI is 67 years old, and this is the third in a series of five articles wherein:

The first article discusses the genesis of AI and the first hype cycle during 1950 and 1982
The second article discusses a resurgence of AI and its achievements during 1983-2010
The third discusses the domains in which AI systems are already rivalling Humans
This article discusses the current hype cycle in Artificial Intelligence
The fifth article discusses as to what 2018-2035 may portend for brains, minds and machines

The Timeline

Introduction

Over the past decade, the field of artificial intelligence (AI) has seen striking developments. As surveyed in [141], there now exist over twenty domains in which AI programs are performing at least as well as (if not better than), humans. These advances have led to a massive burst of excitement in AI that is highly reminiscent of the one that took place during the 1956-1973 boom phase of the first AI hype cycle [56]. Investors are funding billions of …

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