Will There Be Another Artificial Intelligence Winter? Probably Not

Daniel Faggella

Daniel Faggella is Head of Research at Emerj. Called upon by the United Nations, World Bank, INTERPOL, and leading enterprises, Daniel is a globally sought-after expert on the competitive strategy implications of AI for business and government leaders.

Will There Be Another Artificial Intelligence Winter? Probably Not

Here at Emerj we’re dedicated to cutting through the AI hype that’s permeating the current zeitgeist in the business world. Although we’re skeptical about many of the claims that AI vendors make on their websites about what they’re AI software can do, it seems unlikely that the AI hype is going to disappoint venture capitalists and governments enough to usher in a third AI winter.

The first AI winter occurred in the 1970s, and the second in the 1990s. Researchers differ on whether or not a third AI winter is on the horizon, but generally, they agree that right now we’re in what they refer to as an AI spring. Starting with the advent of deep learning, AI started garnering considerable interest from VCs and industry leaders around 2012, continuing to now. Interest in AI hasn’t seemed to let up, but the conditions for the dawn of an AI winter appear to be stirring at least at face value.

In this article, we’ll talk about how the past two AI winters came about, differing perspectives...

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