Apple and Its Rivals Bet Their Futures on These Men’s Dreams - Bloomberg

Check the full article for an AI history reality check

"Over the past five years, artificial intelligence has gone from perennial vaporware to one of the technology industry’s brightest hopes. Computers have learned to recognize faces and objects, understand the spoken word, and translate scores of languages. The world’s biggest companies—Alphabet, Amazon.com, Apple, Facebook, and Microsoft—have bet their futures largely on AI, racing to see who’s fastest at building smarter machines. That’s fueled the perception that AI has come out of nowhere, what with Tesla’s self-driving cars and Alexa chatting up your child. But this was no overnight hit, nor was it the brainchild of a single Silicon Valley entrepreneur.

The ideas behind modern AI—neural networks and machine learning—have roots you can trace to the last stages of World War II. Back then, academics were beginning to build computing systems meant to store and process information in ways similar to the human brain. Over the decades, the technology had its ups and downs, but it failed to capture the attention of computer scientists broadly until around 2012, thanks to a handful of stubborn researchers who weren’t afraid to look foolish. They remained convinced that neural nets would light up the world and alter humanity’s destiny."

Apple and Its Rivals Bet Their Futures on These Men’s Dreams - Bloomberg