Yes, it is true that much of what we refer to as Artificial Intelligence (AI) today is primarily based on Machine Learning (ML) algorithms. AI is a broader concept that encompasses the idea of creating machines or software that can perform tasks that typically require human intelligence, such as understanding language, recognizing patterns, and making decisions.
Machine Learning is a subset of AI that focuses on the development of algorithms that allow computers to learn and improve from experience. The idea is to create models that can identify patterns, make predictions, or generate insights without being explicitly programmed to do so. In recent years, Deep Learning, a sub-field of machine learning, has gained significant attention due to its success in tasks such as image and speech recognition, natural language processing, and reinforcement learning.
While AI is the overarching concept, many current AI systems are indeed based on machine learning algorithms, which have shown to be highly effective in solving complex problems across various domains.