What does the abbreviation "AI" stand for in the tech world?

AI stands for artificial intelligence. Artificial intelligence is the simulation of human intelligence processes by machines, such as computer systems. AI is used in many technology-driven industries, such as health care, finance, transportation, and much more. At the heart of AI are algorithms. Humans set up algorithms in a computerized system. Algorithms are clear sets of instructions that the computer should follow to solve a problem or complete a task.

Source: Coursera