Compressors are an essential component of aircraft engines. Their design and operation must be extremely reliable as engine safety and performance depend greatly on these elements. Axial compressors exhibit instabilities, such as surge or rotating stall, in a region close to the peak of their performance curves. These fluid dynamic instabilities can cause drops in efficiency, stress on the blades, fatigue, and even failures. Compressors are handled therefore by operating with a safety margin far from the surge line. Moreover, models able to predict onset instabilities and to reproduce them are of great interest. A dynamic system able to describe successfully both surge and rotating stall is the model presented by Moore and Greitzer That model has also been used for developing control laws of the compressor dynamics. The present work aims at developing an artificial neural network (ANN) approach able to predict either the permanence of the system in stable working condition or the onset instabilities from a time sequence of the compressor dynamics. Different solutions were tried to find the most suitable model for identifying the system, as well as the effects of the duration of the time sequence on the accuracy of the predicted compressor working conditions. The network was further tried for sequences with different initial values in order to perform a system analysis that included multiple variations from the initial database. The results show how it is possible to identify with high accuracy both rotating stall and surge with the ANN approach. Moreover, the presence of an underlying fluid dynamic model shares some similarities with physically informed AI procedures.