China’s quantitative hedge funds are under pressure to adopt artificial intelligence (AI) technology or risk becoming obsolete, according to Baiont CEO Feng Ji. In a statement, Ji warned that firms that don’t use AI will be “eliminated” in three years. This warning comes after the success of DeepSeek, an AI-powered trading platform used by Baiont Quant, which has built its entire production line around machine learning and eliminates human intervention.
Source: https://www.bloomberg.com/news/articles/2025-02-26/china-quant-says-funds-must-adopt-ai-to-survive-after-deepseek