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Artificial Intelligence (AI) has become a big business, with customers worldwide spending $62.5 billion on AI software in 2022. This has attracted a huge crop of startups focused on AI-based products, with AI funding hitting $15.1 billion in the first quarter of 2022. AI is the opposite of natural intelligence, with machines being programmed to think and act like humans. AI is used in a variety of industries, from healthcare to finance, and is used for tasks such as data analytics, machine learning, business intelligence, image recognition, emotion recognition, and more.
