It’s becoming evident that ING’s new AI model, which uses “reinforcement learning”, is doing a better job at pricing currencies than humans, according to a new report from Bloomberg. The AI process “mimics the trial-and-error process humans use to make pricing decisions to keep up with market volatility,” according to global head of electronic trading Simon Bevan. He continued: “It makes sense to take what we’ve done and see how we can use it in different asset classes. Working on more AI models will be a big focus for us going into next year.” https://www.activistpost.com/2024/09/brace-for-layoffs-ings-new-ai-model-definitely-outperforming-humans-in-pricing-currencies.html