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Chinese hedge fund High-Flyer’s use of artificial intelligence in trading markets has spurred an AI arms race among mainland asset managers that could shake up the country’s $10 trillion fund management industry.
Quant fund High-Flyer not only deployed AI in its multi-billion dollar portfolio, it also built China’s most notable AI start-up DeepSeek whose cost-effective large language model stunned Silicon Valley and undermined Western dominance of the AI sector.
In its wake, aspiring Chinese hedge fund managers such as Baiont Quant, Wizard Quant and…
