AI (Artificial Intelligence) refers to the development of computer systems that can perform tasks that typically require human-like intelligence such as visual perception, decision-making, and natural language processing. AI systems use algorithms to analyze data and learn from it to make predictions and decisions.

ML (Machine Learning) is a subset of AI that focuses on the development of algorithms which enable machines to learn from data without being explicitly programmed. Machine learning is based on the idea that machines can learn from experience, and can improve their performance over time by recognizing patterns in data and adjusting their algorithms accordingly.

AI and ML are revolutionizing industries such as finance, healthcare, and transportation, and have the potential to bring significant benefits to society as a whole. However, there are also concerns around the impact of AI on employment, privacy and ethics, and the need for regulation and ethical frameworks to govern its development and use.