DeepSeek founder’s quant fund piles into China tech IPOs

Vcg | Visual China Group | Getty Images DeepSeek, the lab that put Chinese artificial intelligence on the map last January, has long been financed by High-Flyer Quant, its founder Liang Wenfeng’s hedge fund. The fund used AI and deep learning to trade stocks for years before supplying DeepSeek with early funding and computing power. Now, DeepSeek has turned to outside investors to fund its growing ambitions, while High-Flyer has secured allocations across some of China’s hottest hard-tech IPOs, from chips to robotics. Pre-IPO placements – shares secured before trading begins – can deliver outsized paper gains for hedge funds,…