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Face behind the AI startup
Business Standard|January 29, 2025
Three years ago, Liang Wenfeng's quantitative hedge fund firm apologized profusely to investors for losing money during a tumultuous period for China's stock market.
Face behind the AI startup

It was a surprising stumble for Zhejiang High-Flyer Asset Management, which used AI to pick stocks and had grown rapidly to become one of the country's largest quant funds. As the firm navigated through that crisis and its assets shrunk by more than a third from a peak of more than $12 billion, behind the scenes Liang was laying the groundwork for a new AI startup, DeepSeek.

This story is from the January 29, 2025 edition of Business Standard.

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Face behind the AI startup
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This story is from the January 29, 2025 edition of Business Standard.

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