Understanding Recurrent Neural Networks: The Prefered Neural Network for Time-Series Data

Artificial intelligence has been in the background for decades, kicking up dust in the distance, but never quite arriving. Well that era is over. In 2017, AI has broken through the dust cloud and arrived in a big way. And what do recurrent neural networks have to do with it? Thanks to an ingenious form of short-term memory that is unheard of in conventional neural networks, today's recurrent neural networks (RNNs) have been proving themselves as powerful predictive engines.