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Real-World Applications of AI
AI applications are diverse and can be found across various industries. In healthcare, AI algorithms are being used to improve diagnostics and patient care. For instance, AI-powered tools can analyze medical images more accurately and quickly than human radiologists, leading to faster diagnosis and treatment2. In finance, AI systems are enhancing fraud detection and providing personalized banking experiences. Retail businesses are using AI to optimize inventory management and improve customer service through chatbots and recommendation engines.