​Brace For Layoffs: ING’s New AI Model “Definitely” Outperforming Humans In Pricing Currencies – Tyler Durden

Brace For Layoffs: ING’s New AI Model “Definitely” Outperforming Humans In Pricing Currencies Brace for mass layoffs on Wall Street. 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…  — Continue at ZeroHedge News : Read More