AIBloomberg Techabout 18 hours ago
DeepSeek Fund Slumps 16% in AI Rout
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A fund tied to DeepSeek founder Liang Wenfeng slumped 16 percent as a selloff in Chinese AI stocks hit quantitative hedge funds. The decline reflects broader market turmoil driven by DeepSeek's own AI model disrupting the sector. The rout erased significant value from quant strategies.
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