The acronym 'AI' represents 'Artificial Intelligence', a field of technology focused on creating machines capable of performing tasks that typically require human intelligence. This includes capabilities such as problem-solving, learning, and natural language processing. AI is applied in various domains, including healthcare for predictive diagnostics, finance for algorithmic trading, and customer service through chatbots. By leveraging data and algorithms, AI enhances productivity, drives innovation, and provides insights that assist in decision-making processes, transforming industries and creating new opportunities for businesses.