Using the contemporary theories and views of computing and of cognitive systems we indicate plausible answers to the following frequently asked questions about artificial intelligence: (i) where knowledge comes from?; (ii) what is the "computational power" of artificial cognitive systems?; (iii) are there "levels' of intelligence?; (iv) what is the position of human intelligence w.r.t. the "levels' of intelligence?; (v) is there a general mechanism of intelligence?; (vi) can "fully-fledged" body-less intelligence exist?; (vii) can there exist a sentient cloud? (viii) how can new knowledge be generated? The answer to the first and the last question stems from the novel view of computation which is seen as a knowledge generating process. For the remaining questions we give qualified arguments suggesting that within the large class of computational models of cognitive systems the answers are positive. These arguments are mostly based on the author's recent works related to this problematics.