Online broker Tiger Brokers has integrated DeepSeek‘s AI model into its chatbot platform, marking a significant development in the Chinese financial sector’s adoption of artificial intelligence. DeepSeek, a Chinese AI startup, has gained attention for developing its R1 model at a fraction of the cost of Western competitors, prompting widespread adoption among Chinese financial institutions.
The big picture: The integration of DeepSeek-R1 into Tiger Brokers’ TigerGPT platform represents a broader trend of Chinese financial institutions racing to implement AI solutions.
- At least 20 Chinese brokers and fund managers, including Sinolink Securities and CICC Wealth Management, have begun integrating DeepSeek models into their operations
- The AI implementation spans various functions, from research and risk management to investment decisions and client interactions
- Tiger Brokers’ upgraded TigerGPT will be available free of charge to users in mainland China and Singapore
Market impact and industry transformation: UBS projects that rapid AI adoption will drive a 24% increase in financial IT spending, equivalent to 69 billion yuan ($9.49 billion) over five years.
- An index tracking Chinese fintech companies has surged 17% this month, approaching record highs
- Technology vendors like Hundsun Technologies and Northking Information Technology are expected to benefit from increased IT spending
- The financial industry is particularly suited for AI transformation due to its data-intensive nature and high proportion of language-related tasks
Implementation and benefits: Financial institutions are reporting significant improvements in efficiency and capability through DeepSeek integration.
- CICC Wealth Management claims the DeepSeek R1 model has potential to improve information processing efficiency by 90%
- Tiger Brokers’ CEO Wu Tianhua emphasizes that the AI implementation is delivering real impact rather than serving as a marketing tool
- The DeepSeek model enhances logical reasoning abilities and market analysis capabilities, providing insights valuable even to experienced traders
Technical challenges and adaptation: Financial institutions are working to optimize their systems for AI integration.
- Zhongou Fund Management identifies standardizing internal databases as a key challenge for effective AI implementation
- Companies are conducting extensive meetings to discuss how to leverage DeepSeek’s models across various operational aspects
- Previously unutilized data is now being activated through AI applications, creating new opportunities for analysis and insight
Looking ahead: Industry transformation: The rapid adoption of DeepSeek’s technology signals a fundamental shift in China’s financial sector, with implications extending beyond immediate efficiency gains to potentially reshaping how financial services are delivered and managed. The success of this domestic AI solution could also influence global competition in financial technology development.
Recent Stories
DOE fusion roadmap targets 2030s commercial deployment as AI drives $9B investment
The Department of Energy has released a new roadmap targeting commercial-scale fusion power deployment by the mid-2030s, though the plan lacks specific funding commitments and relies on scientific breakthroughs that have eluded researchers for decades. The strategy emphasizes public-private partnerships and positions AI as both a research tool and motivation for developing fusion energy to meet data centers' growing electricity demands. The big picture: The DOE's roadmap aims to "deliver the public infrastructure that supports the fusion private sector scale up in the 2030s," but acknowledges it cannot commit to specific funding levels and remains subject to Congressional appropriations. Why...
Oct 17, 2025Tying it all together: Credo’s purple cables power the $4B AI data center boom
Credo, a Silicon Valley semiconductor company specializing in data center cables and chips, has seen its stock price more than double this year to $143.61, following a 245% surge in 2024. The company's signature purple cables, which cost between $300-$500 each, have become essential infrastructure for AI data centers, positioning Credo to capitalize on the trillion-dollar AI infrastructure expansion as hyperscalers like Amazon, Microsoft, and Elon Musk's xAI rapidly build out massive computing facilities. What you should know: Credo's active electrical cables (AECs) are becoming indispensable for connecting the massive GPU clusters required for AI training and inference. The company...
Oct 17, 2025Vatican launches Latin American AI network for human development
The Vatican hosted a two-day conference bringing together 50 global experts to explore how artificial intelligence can advance peace, social justice, and human development. The event launched the Latin American AI Network for Integral Human Development and established principles for ethical AI governance that prioritize human dignity over technological advancement. What you should know: The Pontifical Academy of Social Sciences, the Vatican's research body for social issues, organized the "Digital Rerum Novarum" conference on October 16-17, combining academic research with practical AI applications. Participants included leading experts from MIT, Microsoft, Columbia University, the UN, and major European institutions. The conference...