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Artificial Intelligence and Machine Learning: Foundations, Advances, Applications, and Open Challenges

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Artificial Intelligence (AI) and Machine Learning (ML) have evolved beyond specialized research fields and are now widely used in areas such as healthcare, finance, transportation, education, scientific research, and everyday applications. This paper provides an overview of the development and current state of these technologies. It reviews the history of AI, discusses the main approaches to machine learning, including supervised, unsupervised, semi-supervised, self-supervised, and reinforcement learning, and examines different model architectures. These range from traditional techniques, such as support vector machines and random forests, to deep neural networks, transformers, generative AI models, and large language models. The paper also explores practical applications of AI and ML, the data and computational processes involved in developing these systems, and the methods used to evaluate their performance. In addition, it addresses key challenges associated with their use, including interpretability, fairness, reliability, data privacy, energy consumption, and governance. Potential areas for future research are also discussed. Overall, this paper aims to provide students and early-career researchers with a clear understanding of the major developments in AI and ML, their current applications, and the challenges and opportunities that may shape their future.

Record information

Authors
Harsh Yadav; Neha Yadav
Publisher
Elsevier BV
DOI
10.2139/ssrn.7672659

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