How startups are betting on AI to predict the future

Several startups are betting that they can leverage artificial intelligence (AI) to make better forecasts than even the most specialised experts when it comes to topics as varied as stock market movements, the reopening of the Strait of Hormuz, or how a Shakira song will perform on music charts. By 2030, “we’re going to feel that what we were doing for our decision-making was complete Stone Age thinking,” Dan Schwarz, cofounder of the forecasting company FutureSearch, said. AI forecasting models are already on par with the best “superforecasters” — gifted individuals whose estimates are…