The phrare ‘artificial intelligence’ is highly misleading. The state-of-the-art today is mere statistical modelling applied to large and high quality datasets. The new-age systems are merely statistical models. There is no intelligence there.

The phrase ‘ deep learning ‘ suggests deep insights veering on wisdom. It is a highly misleading phrase. The term ‘deep’ here merely denotes multiple layers in a certain kind of mathematical model. There is no suggestion of insight or knowledge or wisdom. All that is going on is that statistical models are being estimated, using large-scale datasets of high quality.