AI defeats humans in predicting forex

Another day brings another story of AI beating humans. This time, AI has shown its ability to forecast exchange rates more accurately than we can. Nikkei has organised its ‘dollar-yen derby’ for over three decades. Readers and analysts try to predict the exchange rate for the following month. However, a new competitor has entered the ring. An AI developed by the Nikkei Group was able to deliver the most accurate forecast for the year-end exchange rate. Impressively, it beat around 400...