Get the latest tech news
China’s quant hedge funds stock up on talent – at US expense – to fuel expansion, AI use
Trump upheaval plays into the hands of talent-hungry firms in the growing sector, as many eye markets beyond the mainland.
The US upheaval in academia – and the government’s antipathy towards foreign students – is helping such funds secure the brain power that they will need to harness China’s breakthroughs in artificial intelligence (AI) and fuel their expansion beyond the domestic market. Companies like Mingshi often compete against local rivals and larger, more established global giants for the world’s top scientists and engineers, many of whom would have stayed in the US in the past. The yuan-denominated market is now the world’s second largest, with a combined capitalisation of more than US$11 trillion, feeding demand for financial products aimed at wealth preservation or hedging.
Or read this on r/technology
