An artificial intelligence system is one that uses machine-based methods to predict, recommend, or make decisions that affect real or virtual environments based on certain human-defined goals. It has become apparent over the past few years that AI applications are rapidly gaining traction across a wide range of industries. 

“The United States’ private investments in artificial intelligence (AI) amounted to nearly 23.6 billion U.S. dollars in 2020, the most of any nation. China, with 9.9 billion U.S. dollars in AI funding, ranks second.” A report recently published by a leading data and research firm Statista reveals so.