Tiger Brokers Adopts DeepSeek Model, China's Broker And Investment Manager Crowdedly Utilizing AI

JAKARTA Tiger Brokers announced on Tuesday 18 February that they had integrated the DeepSek-R1 model into their AI-based chatbot TigerGPT. This step was taken in line with the rise of investment brokers and managers in China competing to take advantage of the artificial intelligence breakthrough (AI) from the local startup to develop applications in the financial industry.

DeepSek-R1 model integration into TigerGPT comes after DeepSek's rapid success that shocked Silicon Valley and triggered an increase in Chinese technology stocks. Many expect the AI revolution to penetrate various sectors, from education to finance.

Tiger Brokers, an online brokerage platform backed by shareholders such as Chinese electronics manufacturer Xiaomi and well-known US investor Jim Rogers, are the latest in adopting DeepSeek technology. At least 20 Chinese brokerages and investment managers, including Sinolink Securities, CICK Wealth Management, and China Universal Asset Management, have begun to integrate DeepSeek models into their businesses. This has the potential to change the way they do research, manage risks, make investment decisions, and interact with clients.

Wu Tianhua, founder and CEO of Tiger Brokers, said that DeepSek will be able to access Tiger Brokers' financial data and help customers analyze valuations, make trading decisions, and "state the beauty of investing."

"The impact is real. This is no longer just a marketing concept or trick," he was quoted as saying by VOI from Reuters.

UBS estimates that the rapid adoption of AI will increase IT spending in the financial sector by 24%, or 69 billion yuan (Rp154.4 trillion), in the next five years. Vendors such as Hundsun Technologies Inc, Northking Information Technology Co, and iSoftStone Information Technology (Group) Co are predicted to benefit from this trend.

"We expect the launch of DeepSek R1 to drive the faster adoption of generative AI (GenAI) in the financial industry by 2025," said UBS analyst Haifeng Cao, referring to DeepSek's latest model developed at a much lower cost than competitors from the West.

"We believe this industry will be more significantly affected by GenAI than other sectors, given its characteristics which are full of data, labor-intensive, and have many tasks related to language," he added.

The index that tracks Chinese fintech companies has jumped 17% this month, near record highs.

Inspirational

Tiger Brokers stated that the latest version of their investment assistant TigerGPT will be available free of charge to users in mainland China and Singapore.

" DeepSek's integration has increased TigerGPT's logical reasoning capabilities, allowing it to analyze market shifts more clearly and interpret investment opportunities more effectively," said CEO Wu.

The chain of thought generated by the DeepSek model "often inspires even the most experienced traders."

Sinolink Securities, which sees AI as a key growth engine, said earlier this month that it would use DeepSeek models in a variety of scenarios, including information search, market analysis, and industrial research. In the future, this application will be expanded to core business areas such as risk management and investment.

CICK Wealth Management revealed that it has integrated DeepSeek R1 models into their investment advisory services, which have the potential to increase information processing efficiency by up to 90%.

Zhongou Fund Management stated that the main challenge in the financial industry today is to standardize internal databases to feed AI models.

"AI has provided financial companies with tools to utilize piles of previously unemployed data," said Du Houliang, Zhongou's head of technology research.

"Now, many financial institutions, including us, are rushing to hold meetings" to discuss how local adoption of DeepSekmodels can empower internal management, marketing, and investment.