Artificial intelligence has a long history dating back to ancient inventors but has seen major advances in recent decades. Modern AI aims to mimic human cognitive abilities like learning, problem solving, and language processing. Notable developments include IBM's Deep Blue beating a chess champion in 1997 and Stanford's self-driving car winning a 2005 race. Rapid progress is predicted in fields like healthcare, transportation, and customer service using AI technologies like machine learning and autonomous robots and vehicles. However, concerns remain about potential economic and social impacts as AI capabilities continue to grow.