Is it possible to predict future using machine learning and/or AI?

Posted by Shekhar on Programmers See other posts from Programmers or by Shekhar
Published on 2013-10-19T09:24:37Z Indexed on 2013/10/19 10:13 UTC
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Recently I have started reading about machine learning. From 3000 feet view, machine learning seems really great thing but as if now I have found that machine learning is limited to only 3 types of algorithms namely classification, clustering and recommendations.

I would like to know

  1. if my assumption about types of machine learning algorithms is correct or not and

  2. What is the extreme thing which we can do using machine learning and/or AI?

  3. Is it possible to predict future (same way we predict weather) using AI and/or machine learning?

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