1) The document discusses predicting taxi demand using machine learning. It aims to minimize wait times for both taxi drivers and passengers by predicting future demand and directing taxis to busy areas.
2) A recurrent neural network model is trained on historical taxi data including GPS locations and trip details to predict demand in different city areas at given times.
3) The model aims to efficiently dispatch taxis to reduce waiting times and serve more customers, helping both drivers and passengers. Predicting demand at a localized level allows drivers to go directly to busy locations.