Despite many attempts, no one at StackOverflow has succeeded in solving that old question about proving a deceptively simple-looking inequality.
I propose now a weaker and slightly simpler inequality (no more squares) which may perhaps be easier to prove.
Let $x_1,x_2, \ldots ,x_n$ be positive numbers whose product is $1$. Prove or find a counterexample :
$$ \prod_{k=1}^n \big(\frac{1+x_k}{2}\big) \leq \bigg( \frac{x_1+x_2+x_3+ \ldots x_n}{n}\bigg)^{n-1} $$
(this inequality follows from the old one by putting $x_i=a_i^2$ and using Cauchy-Schwarz).
As mentioned in comment, one can use equal variable method for $f(x) = \log \left(\frac{1+x}{2}\right)$. Note that $$g(x) = f'(1/x) = \frac{x}{x+1}$$ is strictly concave for $x > 0$. By corollary 1.6, the maximum of LHS is reached when $0 < x_1 \leq 1 \leq x_2 = \cdots = x_n = t$. Substitute $x_1 = \frac{1}{t^{n-1}}$, we have to prove $$\left(\frac{(n-1)t + \frac{1}{t^{n-1}}}{n}\right)^{n-1} \ge \left(\frac{1+t}{2}\right)^{n-1}\left(\frac{1+\frac{1}{t^{n-1}}}{2}\right)$$ for $t \ge 1$. By AMGM applied to $(n-2)$ $(1+t)/2$, and $(1+t)(1+t^{-(n-1)})/4$, we see that $$RHS \leq \left(\frac{(n-2)\left(\frac{1+t}{2}\right) + \frac{1+t+t^{-(n-1)} + t^{-(n-2)}}{4}}{n-1}\right)^{n-1}$$ So it suffices to show that $$\frac{(n-1)t + \frac{1}{t^{n-1}}}{n} \ge \frac{(n-2)\left(\frac{1+t}{2}\right) + \frac{1+t+t^{-(n-1)} + t^{-(n-2)}}{4}}{n-1}$$ Clearing denominator and simplify, $$\Leftrightarrow 4(n-1)^2 t + 4(n-1)t^{-(n-1)} \ge 2n(n-2)t + 2n(n-2) + n (1+t+t^{-(n-1)} + t^{-(n-2)})$$ $$\Leftrightarrow (2n^2-5n+4)t + (3n-4)t^{-(n-1)} \ge 2n^2 - 3n + nt^{-(n-2)} \hspace{5mm} (*)$$ We prove the last inequality now. AM-GM gives $$\frac{n(n-2)}{(n-1)} t^{-(n-1)} + \frac{n}{n-1} \ge nt^{-(n-2)}$$ and $$(2n^2-5n+4)t + \frac{2n^2-5n+4}{n-1}t^{-(n-1)} \ge (2n^2-5n+4)\frac{n}{n-1}$$ (*) follows from adding up the last two inequalities.