A History of AI Booms and Busts

The Rise, Fall & Rebirth of AI

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What is an AI Winter?

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The First AI Boom (1950s-1960s)

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The First AI Winter (1970s)

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The AI Revival (1980s)

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The Second AI Winter (1990s-2000s)

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The AI Renaissance (2010s-Present)

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Key Lessons from AI Winters

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Are We Heading for Another AI Winter?

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The Road Ahead

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Navigating the AI Winter Phenomenon: Lessons Learned from History and the Current AI Renaissance

A History of AI Booms and Busts

The Rise, Fall & Rebirth of AI

1

AI booms, then fades—losing funding and momentum. But innovation always brings it back!

What is an AI Winter?

2

AI Winter is a period of declined interest & investment in AI due to unrealistic expectations, technical challenges.

The First AI Boom (1950s-1960s)

3

Early AI, inspired by Turing and McCarthy, saw strong funding and high hopes for human-like intelligence.

The First AI Winter (1970s)

4

AI struggled with language, logic, and real-world use, leading to funding cuts and fading optimism.

The AI Revival (1980s)

5

Expert systems revived AI interest, attracting investments and sparking renewed optimism.

The Second AI Winter (1990s-2000s)

6

Expert systems were costly and impractical, leading to another AI decline and funding freeze.

The AI Renaissance (2010s-Present)

7

Advances in ML, deep learning, and big data revived AI, driving growth in chatbots, self-driving cars, and more.

Key Lessons from AI Winters

8

AI progress takes time; sustainable investment and tech advancements are key.

Are We Heading for Another AI Winter?

9

AI faces ethical, regulatory, and economic challenges. Its future depends on sustaining progress and innovation.

The Road Ahead

10

AI is advancing, but challenges remain. Realistic goals, ethics, and sustainable growth are key to its future.

Navigating the AI Winter Phenomenon: Lessons Learned from History and the Current AI Renaissance