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Whoever came up with renaming statistics to be machine-learning-artificial-intelligence was the venture capital alchemist of the decade.

I'd say it's the other way round: people were trying their hands at what they called AI for a while. See the original AI winter etc.

The modern renaissance in AI came when partially from trying to put these techniques on more sound mathematical footings like statistics.

People who don't understand things, call them some variant on magic. People who do, use their true names.

Clarke's linguistic corollary has probably been true for as long as there's been technology.