DeepSeek spurred a Chinese asset manager AI arms race that could shake up China's $10T fund management industry, as firms expand AI research and adopt DeepSeek (Reuters)

Chinese asset managers are engaging in an AI arms race following High-Flyer’s use of DeepSeek in trading markets, potentially disrupting the $10 trillion fund management industry. The competition is driving firms to expand AI research and adopt DeepSeek technology, leading to significant changes in the way investments are managed in China. This shift towards AI-driven strategies marks a pivotal moment for Chinese asset managers as they strive to remain competitive in the evolving market landscape.

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