Chinese quants redouble AI bets amid ChatGPT frenzy

SHANGHAI/SINGAPORE, June 5 (Reuters) – 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’s post-COVID recovery wanes and competition rises in the…

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