China's Fund Managers Race into AI Era
China's $10 trillion fund management industry is undergoing an 'AI arms race,' triggered by High-Flyer and its DeepSeek large language model. Firms like Baiont Quant and Zheshang Fund are integrating AI to enhance investment strategies, while government support fuels the rapid adoption. DeepSeek's affordability is democratizing AI, leveling the playing field for smaller firms.