In 1988 Hubert L. Dreyfus and Stuart E. Dreyfus released a paperback version of their previously published "Mind over Machine" book, in which they mostly spend time debunking the myth that expert systems and rule-based programs are ever going to have "intelligence" on par with human brain.
The book is an interesting read in itself, but what I found remarkable is that in the 1988 release they added a "preface to paperback edition" in which they used a couple of pages to give their views on artificial neural networks, which (though not new) was gaining some steam at the time. The conclusions they reached are as relevant now as they were 3 decades ago.
There have been no new breakthroughs in this area. Most of the research being done is in application of what we have known for decades in specific areas, with minor insights into tweaks and uses of combinations of algorithms to better solve specific problems. The big differences between then and now are: (1) technology is more accessible - data is easier to collect, store and output via many input/output methods; and (2) the hardware is significantly faster - we can now go through more data, make algorithms run faster, and appear to perform better.
This inevitably brought a lot of hype, including many predicting human-like artificial intelligence not too far away. But maybe those with experience in 60s and 70s in the field in USA and Japan can draw a parallel between what's happening now and what has happened few times in the past in this area:
- companies perform neat promising demos with unrealistic implicit or explicit promises
- investors pour money in
- media hype ensues
- after awhile - no new breakthroughs: still can't turn ANN or expert system into a human brain
- outcome is improvements in limited use cases
- hype dies down, but we can repeat the cycle after improvements in hardware
Edit: formatting