Inside the Dalle Molle Institute for Artificial Intelligence Research, Schmidhuber and one of his students developed what they described as a neural network with short-term memory. It could “remember” data it had recently analyzed and, using this recall, improve its analysis each step along the way. They called it an LSTM, for Long Short-Term Memory. It didn’t actually do much, but Schmidhuber believed this kind of technology would deliver intelligence in the years to come.
