This document discusses the rise of artificial intelligence and machine learning. It notes that IBM invested over $1 billion to establish a new business unit for Watson. It also mentions Google's acquisitions of robotics and AI companies, showing their focus on data acquisition. The document argues that AI requires ubiquitous data collection and exponentially growing computing power to continue advancing. It recognizes that while the path of intelligent machines' evolution is unclear, it will likely progress faster than expected due to exponential growth.