This document provides an overview of artificial intelligence trends and applications in development and operations. It discusses how AI is being used for rapid prototyping, intelligent programming assistants, automatic error handling and code refactoring, and strategic decision making. Examples are given of AI tools from Microsoft, Facebook, and Codota. The document also discusses challenges like interpretability of neural networks and outlines a vision of "Software 2.0" where programs are generated automatically to satisfy goals. It emphasizes that AI will transform software development over the next 10 years.