AI (Artificial Intelligence) has experienced several periods of severe funding cuts and lack of interest, such as during the 1970s and 1980s. They were called “AI winters,” a reference to the concept of nuclear winter where the sun is blocked from a layer of smoke and dust!
But of course, things are much different nowadays. AI is one of the hottest categories of tech and is a strategic priority for companies like Facebook, Google, Microsoft and many others.
Prof. Alexander Wong of the Systems Design Engineering Department at the University of Waterloo is quoted in this article.