Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals. In computer science AI research is defined as the study of intelligent agents: any device that perceives its environment and takes actions that maximize its chance of successfully achieving its goals.
What is a 'Beneficial Owner'. A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name.
Use 'beneficial owner' in a Sentence. 1  I was glad that I had the title of beneficial owner, even though I was not the actual owner of the place. 2  When my grandmother passed away, the title to her ranch property in the hill country was put into my mother's name, but I was named beneficial owner of all profit from selling the cattle.