<ul><li>Machine Learning is a branch of artificial intelligence that allows computers to learn from data and make predictions or decisions without being explicitly programmed.</li><li>Real-life examples of machine learning include Netflix recommendations, spam email detection, self-driving cars, face unlock on smartphones, and predicting house prices.</li><li>There are two major types of machine learning: supervised learning (learning from labeled data) and unsupervised learning (learning patterns from unlabeled data).</li><li>Machine learning is important as it helps solve complex problems, improve efficiency, personalize experiences, and solve critical problems.</li></ul>

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