Artificial Intelligence — A Bitter-Sweet Symphony in Modelling

Every model is wrong, but some models are useful

We have seen tremendous progress by artificial intelligence (AI) over the past decades. This progress, however, was not achieved steadily. There were significant ups and downs on the way. In some of these phases, people were even afraid to openly commit to the term artificial intelligence, as the reputation of the field was severely damaged. Anybody working on AI was considered a dreamer at that time. This also led to different names and…