Feng Ji, founder and CEO of Baiont, a leading quant fund in China, emphasizes the importance of artificial intelligence in quant trading, predicting that those who fail to adopt AI will not survive in three years. His team, composed of young computer scientists without finance backgrounds, approaches quant trading as a data mining task, utilizing AI technology to streamline processes and improve efficiency compared to traditional methods. Managing nearly Rmb7bn ($970mn) in assets with a small team, Ji notes the growing competition and the need for AI integration in the industry.