Adiabatic Quantum Computation is not only a possibly more robust alternative to standard quantum computation. Since it considers a continuous-time evolution of the system, it also provides a natural bridge towards studying the dynamics of interacting many-particle quantum systems, quantum phase transitions and other issues in fundamental physics. After a brief review of adiabatic quantum computation, I will show our recent results on the dynamics of entanglement and fidelity for the search and Deutsch algorithms including several variations and optimization. I will show how these studies led to suggesting an alternative definition of entanglement and compare the results, and discuss possible implications for considering entanglement a resource. I will conclude with an outlook on further applications and extensions of adiabatic quantum computation.