Researchers agree that the phrase “artificial intelligence” is more of an idealistic undertaking that encompasses an expanding set of data-centric innovations than a technologically exact characterization. Around 2010, a blend of improved computing power and vast troves of web data reignited interest in decades-old methodologies, igniting the modern AI boom. It wasn’t so much the algorithms as it was the focused assets and monitoring marketing strategies that could gather, store, and analyze previously incomprehensible amounts of data. To put it another way, the so-called “advances” in AI that have been praised over the previous decade are essentially the result of highly concentrated data and processing resources held by a few giant internet companies such as Amazon, Facebook, and Google.
Source: https://prospect.org/culture/books/myth-of-artificial-intelligence-kissinger-schmidt-huttenlocher/
