Tiger Brokers recently announced the integration of DeepSeek’s groundbreaking AI model, DeepSeek-R1, into its AI-powered chatbot, TigerGPT. This move signifies a significant step in the race among brokerages and asset managers to leverage DeepSeek’s advancements and harness the transformative potential of artificial intelligence in the financial sector. DeepSeek’s rapid ascent and the subsequent surge in Chinese tech stocks highlight the anticipation of an AI revolution across various industries, including finance.
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DeepSeek Integration: A Game Changer for Financial Services
Tiger Brokers, backed by prominent investors like Xiaomi and Jim Rogers, joins a growing list of financial institutions embracing DeepSeek. Over 20 Chinese brokers and fund managers, including Sinolink Securities, CICC Wealth Management, and China Universal Asset Management, have already begun integrating DeepSeek’s models. This adoption has the potential to revolutionize research, risk management, investment strategies, and client interaction within the financial industry.
DeepSeek will leverage Tiger Brokers’ extensive financial data to empower customers with advanced valuation analysis, informed trading decisions, and a deeper understanding of investment dynamics, according to Wu Tianhua, Tiger Brokers’ founder and CEO. He emphasized the tangible impact of DeepSeek, stating that it’s “no longer a concept, or a marketing trick.”
AI Spending Surge and the Rise of GenAI in Finance
UBS projects a significant increase in financial IT spending – a 24% surge, or 69 billion yuan ($9.49 billion), over the next five years – driven by the rapid adoption of AI. This growth will benefit technology providers such as Hundsun Technologies Inc, Northking Information Technology Co, and iSoftStone Information Technology (Group) Co. UBS analyst Haifeng Cao anticipates that the launch of DeepSeek R1 will accelerate the adoption of Generative AI (GenAI) in the financial industry in 2025. Cao highlights that the financial sector, characterized by data-intensive operations, labor-intensive tasks, and language-dependent processes, is poised for profound transformation through GenAI. This projection is further underscored by the recent 17% surge in China’s Fintech index, nearing record highs.
TigerGPT Enhancement and Industry-Wide Impact
The upgraded TigerGPT, incorporating DeepSeek’s model, will initially be available for free to users in mainland China and Singapore. CEO Wu stated that DeepSeek significantly enhances TigerGPT’s logical reasoning capabilities, enabling clearer analysis of market trends and more effective interpretation of investment opportunities. He further noted that the insightful “chain of thoughts” generated by the DeepSeek model can inspire even seasoned traders.
Sinolink Securities, recognizing AI as a crucial growth driver, plans to utilize DeepSeek for information retrieval, market analysis, and industry research, with future expansion into risk management and investment strategies. CICC Wealth Management reports a potential 90% increase in information processing efficiency after integrating DeepSeek’s R1 model into its investment advisory services.
Zhongou Fund Management highlights the importance of standardizing internal databases to effectively leverage AI models. Du Houliang, Zhongou’s head of tech research, emphasizes that AI empowers financial companies to utilize vast amounts of previously underutilized data. He notes the widespread urgency among financial institutions to explore the potential of DeepSeek’s models for internal management, marketing, and investment strategies. The integration of DeepSeek’s AI model into TigerGPT and other financial platforms marks a pivotal moment in the evolution of the financial industry, setting the stage for a new era of AI-driven insights and decision-making.
