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Figure 4.2 describes three phases of AI as follows:

 Artificial Narrow Intelligence (ANI): It is the initial stage where there is no power of logical reasoning and problem-solving ability. It covers only one functional area.

 Artificial General Intelligence (AGI): Currently, this phase is working which works on more than one functional area with advance features and starts working as human brain means thinking logically with problem-solving skill.

 Artificial Super Intelligence (ASI): It is a very advance stage where it works equally as human intelligence.

Figure 4.2 Phases of Artificial Intelligence.

Note: It explains that the changeover gap is shorter during the development of ANI to AGI while longer between II and III phases. The ASI has the intelligence of humans and machines in an equal manner. Source: UBS, https://www.ubs.com/microsites/artificial-intelligence/en/new-dawn.html, 2016.