At its core, Artificial Intelligence (AI) can be understood as systems (algorithms) that perform statistical learning and inference, using various types of data and relying on dedicated computing power. Think of it as a sophisticated cloud infrastructure made up of three essential components

It's important to note that while AI offers many potential benefits, it is not a silver bullet. Colleges will need to carefully consider the ethical and practical implications of using AI in admissions and financial aid, and ensure that these technologies are used in a way that is fair, transparent, and equitable.