China Quant Says Funds Must Adopt AI to Survive After DeepSeek
- Quants that don’t use AI will be ‘eliminated,’ Baiont CEO says
- Feng Ji’s firm has built its entire production line around AI
As their training costs decline and capabilities grow, chatbots’ use in investment research is expanding rapidly.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
DeepSeek’s success is intensifying pressure on China’s quantitative hedge funds to embrace artificial intelligence or risk becoming obsolete, according to one of the most aggressive users of AI in the industry.
“In three years, quants that don’t use AI will inevitably be eliminated,” said Feng Ji, chief executive officer of Baiont Quant, which uses machine learning to do trading with no human intervention. “DeepSeek is a final call to those who still don’t believe in the power of AI.”