With reference to Artificial Intelligence, consider the following statements:

1. Machine learning uses layered neural networks loosely modeled on the human brain.

2. Deep learning enables computers to recognize patterns and make decisions from large datasets without specific programming.

Which of the above statements is/are correct?

Statement 1 is Incorrect: The description of using "layered neural networks loosely modeled on the human brain" specifically refers to Deep Learning. While Deep Learning is a subset of Machine Learning, the use of multi-layered (deep) artificial neural networks is the defining characteristic of Deep Learning specifically.