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High-Flyer
High-Flyer () is a Chinese hedge fund company incorporated in February 2016. Its legal registration address is in Ningbo, Zhejiang, and its main office location is in Hangzhou, Zhejiang. It is the founder and backer of AI firm DeepSeek. History High-Flyer was founded in February 2016 by Liang Wenfeng and two of his classmates from Zhejiang University. They generated ideas of algorithmic trading as students during the 2007–2008 financial crisis. The company has two AMAC regulated subsidiaries, Zhejiang High-Flyer Asset Management Co., Ltd. and Ningbo High-Flyer Quant Investment Management Partnership LLP which were established in 2015 and 2016 respectively. The two subsidiaries have over 450 investment products. In 2016, High-Flyer experimented with a multi-factor price-volume based model to take stock positions, began testing in trading the following year and then more broadly adopted machine learning-based strategies. In 2019, High-Flyer set up a SFC-regulated subsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DeepSeek
DeepSeek () is a Chinese artificial intelligence software company. Its first product is an open-source large language models, large language model (LLM). It is based in Hangzhou, Zhejiang. It is owned and funded by Chinese hedge fund High-Flyer. Its co-founder, Liang Wenfeng, established the company in 2023 and serves as its CEO. The DeepSeek-R1 model provides responses comparable to other contemporary large language models, such as OpenAI's GPT-4o and OpenAI o1, o1. Its Training, validation, and test data sets, training cost is reported to be significantly lower than other LLMs. The company claims that it trained R1 for US$6 million compared to $100 million for OpenAI's GPT-4 in 2023, and approximately one tenth of the computing power used for Meta Platforms, Meta's comparable model, Llama (language model), LLaMA 3.1. DeepSeek's AI models were developed amid United States sanctions on China and other countries restricting access to chips used to train LLMs. These ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liang Wenfeng
Liang Wenfeng (; born 1985) is a Chinese entrepreneur and businessman who is the co-founder of the quantitative hedge fund High-Flyer, as well as the founder and CEO of its artificial intelligence firm DeepSeek. Early life and education Liang was born in 1985 in Mililing village (米历岭村), List of township-level divisions of Guangdong#Wuchuan, Tanba town (覃巴镇), Wuchuan, Guangdong, Wuchuan city, Guangdong province, China. His parents were both primary school teachers. Educated at Zhejiang University, Liang received a Bachelor of Engineering in electronic information engineering in 2007 and a Master of Engineering in information and communication engineering in 2010. His master's dissertation was titled "Research on target tracking algorithm based on low-cost PTZ camera" (), advised by Professor Xiang Zhiyu (). Career In 2008, Liang formed a team with his classmates to accumulate data related to financial markets. He also led the team to explore quantitative tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Qualified Foreign Institutional Investor
The Qualified Foreign Institutional Investor () program, one of the first efforts to internationalize the RMB, represents China's effort to allow, on a selective basis, global institutional investors to invest in its RMB denominated capital market. Once licensed, foreign investors are permitted to buy RMB-denominated "A shares" in China's mainland Shanghai and Shenzhen stock exchanges. Thus foreign investors benefit from an opportunity to invest onshore, which is otherwise often insulated from the rest of the world, and subject to capital controls governing the movement of assets in-and-out of the country. Development The program has been in operation for over a decade, and quotas allocating RMB under licenses have expanded steadily. By the end of April 2011, 103 licensed QFII investors had been granted a combined quota of $20.7 billion to invest in China's capital markets under the QFII program, UBS AG currently holds the greatest single share of quota. Foreign access to China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nvidia A100
Ampere is the codename for a graphics processing unit (GPU) microarchitecture developed by Nvidia as the successor to both the Volta and Turing architectures, officially announced on May 14, 2020. It is named after French mathematician and physicist André-Marie Ampère. Nvidia announced the next-generation GeForce 30 series consumer GPUs at a GeForce Special Event on September 1, 2020. Nvidia announced A100 80GB GPU at SC20 on November 16, 2020. Mobile RTX graphics cards and the RTX 3060 were revealed on January 12, 2021. Nvidia also announced Ampere's successor, Hopper, at GTC 2022, and "Ampere Next Next" for a 2024 release at GPU Technology Conference 2021. Details Architectural improvements of the Ampere architecture include the following: * CUDA Compute Capability 8.0 for A100 and 8.6 for the GeForce 30 series * TSMC's 7 nm FinFET process for A100 * Custom version of Samsung's 8 nm process (8N) for the GeForce 30 series * Third-generation Tensor Cores with FP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of China
The Government of the People's Republic of China () is an authoritarian political system in the People's Republic of China under the exclusive political leadership of the Chinese Communist Party (CCP). It consists of legislative, executive, military, supervisory, judicial, and procuratorial branches. The constitutional head of government is premier, while the ''de facto'' top leader of government is General Secretary of the Communist Party. The National People's Congress (NPC) is the highest state organ, with control over the constitution and basic laws, as well as over the election and supervision of officials of other government organs. The congress meets annually for about two weeks in March to review and approve major new policy directions, laws, the budget, and major personnel changes. The NPC's Standing Committee (NPCSC) is the permanent legislative organ that adopts most national legislation, interprets the constitution and laws, and conducts constitutional revie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charity (practice)
The practice of charity is the voluntary giving of help to those in need, as a humanitarian act, unmotivated by self-interest. There are a number of philosophies about charity, often associated with religion. Etymology The word ''charity'' originated in late Old English to mean a "Christian love of one's fellows", and up until at least the beginning of the 20th century, this meaning remained synonymous with charity. Aside from this original meaning, ''charity'' is etymologically linked to Christianity, with the word originally entering into the English language through the Old French word ''charité'', which was derived from the Latin ''caritas'', a word commonly used in the Vulgate New Testament to translate the Greek word '' agape'' (), a distinct form of love (see the article: Charity (virtue)). Over time, the meaning of ''charity'' has evolved from one of "Christian love" to that of "providing for those in need; generosity and giving", a transition which began with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Science Olympiad
The International Science Olympiads are a group of worldwide annual competitions in various areas of the formal sciences, natural sciences, and social sciences. The competitions are designed for the 4-6 best high school students from each participating country selected through internal National Science Olympiads, with the exception of the IOL, which allows two teams per country, the IOI, which allows two teams from the hosting country, and the IJSO, which is designed for junior secondary students. Early editions of the Olympiads were limited to the Eastern Bloc, but later they gradually spread to other countries. The Olympiad has no links to the International Olympic Committee nor the US sponsored Science Olympiad. Overview The Olympiads themselves are separate competitions each with its own organizing body, even though they are loosely grouped together as "ISOs". The aims of each ISO are to promote a career in science; to challenge the brightest students from around the world; ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Short Squeeze
In the stock market, a short squeeze is a rapid increase in the price of a stock owing primarily to an excess of short selling of a stock rather than underlying Fundamental analysis, fundamentals. A short squeeze occurs when there is a lack of Supply and demand, supply and an excess of Supply and demand, demand for the stock due to short sellers having to buy stocks to cover their short positions. Overview Short selling is a finance practice in which an investor, known as the short-seller, borrows shares and immediately sells them, hoping to buy them back later ("covering") at a lower price. As the shares were borrowed, the short-seller must eventually return them to the lender (plus interest and dividend, if any), and therefore makes a profit if they spend less buying back the shares than they earned when selling them. However, an unexpected piece of favorable news can cause a jump in the stock's share price, resulting in a loss rather than a profit. Short-sellers might then be tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Neutral
An investment strategy or portfolio is considered market-neutral if it seeks to avoid some form of market risk entirely, typically by hedging. To evaluate market-neutrality requires specifying the risk to avoid. For example, convertible arbitrage attempts to fully hedge fluctuations in the price of the underlying common stock. A portfolio is truly market-neutral if it exhibits zero correlation with the unwanted source of risk. Market neutrality is an ideal, which is seldom possible in practice. A portfolio that appears market-neutral may exhibit unexpected correlations as market conditions change. The risk of this occurring is called bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Percentage Point
A percentage point or percent point is the unit for the arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points, but a 10-percent increase in the quantity being measured. In literature, the unit is usually either written out, or abbreviated as ''pp'' or ''p.p.'' to avoid ambiguity. After the first occurrence, some writers abbreviate by using just "point" or "points". Differences between percentages and percentage points Consider the following hypothetical example: In 1980, 50 percent of the population smoked, and in 1990 only 40 percent of the population smoked. One can thus say that from 1980 to 1990, the prevalence of smoking decreased by 10 ''percentage points'' (or by 10 percent of the population) or by ''20 percent'' when talking about smokers only - percentages indicate proportionate part of a total. Percentage-point differences are one way to express a risk or probability. Consider a drug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CSI 300 Index
The CSI 300 () is a capitalization-weighted stock market index designed to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. It has two sub-indexes: the CSI 100 Index and the CSI 200 Index. Over the years, it has been deemed the Chinese counterpart of the S&P 500 index and a better gauge of the Chinese stock market than the more traditional SSE Composite Index. The index is compiled by the China Securities Index Company, Ltd. It has been calculated since April 8, 2005. Its value is normalized relative to a base of 1000 on December 31, 2004. It is considered to be a blue chip index for Mainland China stock exchanges. Annual Returns The following table shows the annual development of the CSI 300 Index since 2005. Constituents Sub-Indices Moreover, there are the following ten sub-indices, which reflect specific sectors: * CSI 300 Energy Index * CSI 300 Materials Index * CSI 300 Industrials Index ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
