Gate.io: Using AI for currency pricing, outperforming humans

On September 25th, Jinshi data reported that ING has started using artificial intelligence (AI) for currency pricing and stated that AI’s pricing ability is stronger than that of humans. Simon Bevan, global electronic trading director of ING, pointed out in an interview that this new artificial intelligence model uses ‘reinforcement learning’ technology to mimic the trial-and-error process of humans in order to make pricing decisions that adapt to market fluctuations. Previously, this crucial but relatively time-consuming work for the London trading team is now being handled by artificial intelligence. This move is ING’s latest attempt to maintain competitiveness in the global currency market, with a daily trading volume of $7.5 trillion, by reducing operational costs through the development of cutting-edge technology. In the future, ING will further enhance the efficiency of artificial intelligence and reduce reliance on traders.