Final answer:
Artificial Intelligence refers to the simulation of human intelligence by machines programmed to mimic human thought and actions.
Step-by-step explanation:
Artificial Intelligence (AI) refers to the simulation of human intelligence by machines programmed to mimic human thought and actions. It involves the ability of software applications to independently improve their functionality. AI can perform multiple cognitive tasks like humans but at a rapid pace. Examples of AI include self-driving cars, virtual butlers, and social media bots.