The Royal Swedish Academy of Sciences has awarded the 2024 Nobel Prize in Physics to Geoff Hinton and John Hopfield for their pioneering work on artificial neural networks. Their foundational discoveries have significantly advanced machine learning, contributing to the rise of AI in various fields. Hinton, known as the 'godfather of deep learning,' developed the backpropagation algorithm, while Hopfield created the Hopfield network, mimicking human memory. This recognition highlights the crucial role of AI in the fourth industrial revolution, alongside previous accolades for innovators in the space.