FYI: We're now four or five years into the current explosion of machine learning, and pretty much everyone has heard of it. It's not just that startups are forming every day or that the big tech platform companies are rebuilding themselves around it - everyone outside tech has read the Economist or BusinessWeek cover story, and many big companies have some projects underway. We know this is a Next Big Thing.
Going a step further, we mostly understand what neural networks might be, in theory, and we get that this might be about patterns and data. Machine learning lets us find patterns or structures in data that are implicit and probabilistic (hence ‘inferred’) rather than explicit, that previously only people and not computers could find. They address a class of questions that were previously ‘hard for computers and easy for people’, or, perhaps more usefully, ‘hard for people to describe to computers’. And we’ve seen some cool (or worrying, depending on your perspective) speech and vision demos.
Regards,
Ted
https://www.ben-evans.com/benedictevans/2018/06/22/ways-to-think-about-machine-learning-8nefy