What are the advantages of long short-term memory (LSTM) networks compared to recurrent neural networks (RNN)?

• Retain information for longer periods, making them more effective in modelling long-term dependencies. • Better control of the flow of information using the gating mechanism (input gate, forget gate and output gate). • Better performance on sequence-to-sequence tasks. • More effectively filter out irrelevant information and noise in a sequence due to their gating mechanism.