I need help understanding the concept of artificial intelligence. Can you provide me with a brief overview, including key points such as what it is, how it works, and its applications? Your answer must contain a title, wrapped in double angular brackets, such as <<Understanding Artificial Intelligence>>. Your response should contain at least 3 bullet points. Use the markdown bullet points such as: * This is point 1. Your entire response should be in English, and in all lowercase letters. no capital letters are allowed. include keywords ai, machine learning, data, algorithms, and neural networks.

user