Artificial Intelligence (also known as AI or Machine Intelligence, MI) is intelligence displayed by machines. Today Artificial Intelligence (AI) is properly known as narrow AI (or weak AI), designed to perform a narrow task like image recognition. However, the long-term goal of many researchers is to create general AI (AGI or strong AI), designed to outperform humans at nearly every cognitive task. AI is one of the most important technological developments of today, influencing almost all industries. AI can help organizations to improve productivity and lower costs, creating new growth opportunities. Today's practical applications of narrow AI can be found in chatbots, personal assistants (like Siri and Alexa), video games, autonomous cars, fraud detection, medical diagnoses, recommendation engines and more.