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AI is a form of technology that simulates human intelligence in machines, allowing them to complete tasks that require human intelligence such as visual perception, speech recognition, decision-making, and language translation. Machine Learning (ML) and Deep Learning (DL) are two subsets of AI that use algorithms and statistical models to enable computers to learn from data without explicit programming. AI has been particularly successful in tasks like image and speech recognition, natural language processing, and video analysis, and has been an enormous benefit to the financial advice industry in the short term.