It is an abbreviation for Automated Machine Learning, translated into Slovak as automatizované strojové učenie. It automates and makes accessible machine learning (ML), which deals with statistical algorithms and their generalization. Artificial intelligence can thus perform similar tasks without explicit instructions.
Original machine learning first defines the problem when training models, then collects data, preprocesses it, trains the model, and evaluates it. AutoML automates the last three steps, as it is an iterative process (repeating) and requires more attempts for satisfactory results.
In practice, AutoML can be used for detecting financial fraud, facial recognition, cybersecurity, or customer support using chatbots.