In Depth: How China’s Quant Funds Became AI Incubators

DeepSeek sent shockwaves through the global tech industry in January after launching its low-cost, open-source artificial intelligence (AI) large language model (LLM) to compete with market leader OpenAI. Yet for many, just as surprising was the fact that China’s emerging leadership and innovation in the field was financed by a relatively unknown quantitative fund.