1) Artificial intelligence (AI) is the study of intelligent machines that can perform functions like human thought. AI research dates back to ancient times but expanded in the 20th century with advances in computing.
2) Early milestones included simulating human thinking on computers in 1956 and the first AI conference that year, which inspired research emulating human reasoning, language, communication and more.
3) AI has many applications today including financial services, healthcare, transportation and more, but still faces limitations, especially in areas like natural language understanding. Fully realizing human-level AI may take decades more of research focused on language, environmental interaction and other challenges.