Chinese quant hedge fund managers are rushing to explore ChatGPT-style tools, embracing the emerging AI technology that has sparked a global frenzy since the release of the widely popular Microsoft-backed OpenAI chatbot.
Quants' focus on advanced artificial intelligence to aid decision-making comes amid a tough investment environment, as China'swanes and competition rises in the country's 20 trillion yuan private fund industry.
"We were also inspired by ChatGPT to build large models using trading data, instead of text," Feng said. Last week, Beijing-based asset manager Zhishan Investment said it would deploy AI robot "Cybertron" across all products and use it to help reshape its investment methodology.
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