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Artificial Intelligence (AI) is one of the current emerging technologies. In the history of computing AI has been in the similar role earlier - almost every decade since the 1950s, when the programming language Lisp was invented and used to implement self-modifying applications. The second time that AI was described as one of the frontier technologies was in the 1970s, when Expert Systems (ES) were developed. A decade later AI was again at the forefront when the Japanese government initiated its research and development effort to develop an AI-based computer architecture called the Fifth Generation Computer System (FGCS). Currently in the 2010s, AI is again on the frontier in the form of (self-)learning systems manifesting in robot applications, smart hubs, intelligent data analytics, etc. What is the reason for the cyclic reincarnation of AI? This paper gives a brief description of the history of AI and also answers the question above. The current AI "cycle" has the capability to change the world in many ways. In the context of the CE conference, it is important to understand the changes it will cause in education, the skills expected in different professions, and in society at large. ; acceptedVersion ; Peer reviewed