I had such a professor as well, but those people used to use the more accurate term "machine learning".
There was also wide understanding that those architectures were trying to imitate small bits of what we understood was happening in the brain (see marvin minsky's perceptron etc). The hope was, as I understood it that there would be some breakthrough in neuroscience that would let the computer scientists pick up the torch and simulate what we find in nature.
None of that seems to be happening anymore and we're just interested in training enough to fool people.
"AI" companies investing in brain science would convince me otherwise. At this point they're just trying to come up with the next money printing machine.
