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

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.
The article from MSN discusses the growing interest and investment in AI by Chinese fund managers, particularly in light of the success of DeepSeek, a Chinese AI startup. DeepSeek, backed by Tencent, has developed a large language model that has shown impressive capabilities, prompting a surge in AI investments within China. This trend is part of a broader push by Chinese financial sectors to capitalize on AI technology, aiming to compete with global tech giants. The article highlights how Chinese fund managers are now focusing on AI as a key area for investment, driven by both national policy support and the potential for high returns. This shift is seen as a strategic move to bolster China's position in the global AI race, with fund managers betting on AI startups to deliver innovative solutions and significant economic value.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/technology/after-deepseek-chinese-fund-managers-beat-high-flyers-path-to-ai/ar-AA1ATj3x ]