Machine learning: Investing in AI next big thing

Teaching machines to parse through large volumes of data to learn new concepts and rules is a critical area of development in artificial intelligence, experts told CNBC.
That concept is called machine learning — the term was coined in 1959 by Arthur Samuel, an AI pioneer, who defined it as a computer’s ability to learn without being explicitly programmed.
Developments in machine learning will progress at a “phenomenal pace this year,” according to professional services company Deloitte.
More broadly, AI will remain a key spending area for companies in the near future, according to the International Data Corporation.

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