After DeepSeek, Chinese fund managers beat High-Flyer's path to AI

After DeepSeek, Chinese fund managers beat High-Flyer's path to AI

FILE PHOTO: A message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

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.

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