Tiger Brokers adopts DeepSeek model as Chinese brokerages

On Tuesday, Tiger Brokers announced that it has integrated DeepSeek’s model into its AI-driven chatbot, as brokerages and asset managers hurry to leverage the Chinese start-up’s advancements in artificial intelligence and create applications for the finance sector.

The incorporation of the DeepSeek-R1 model into TigerGPT comes after DeepSeek’s rapid ascent that astonished Silicon Valley and sparked a surge in Chinese technology stocks fueled by hopes of an AI transformation impacting areas from education to finance.

Tiger Brokers, an online brokerage supported by investors such as Chinese tech giant Xiaomi and prominent U.S. financier Jim Rogers, is the newest to adopt DeepSeek.

At least 20 Chinese brokers and fund managers, such as Sinolink Securities, CICC Wealth Management, and China Universal Asset Management, have begun incorporating DeepSeek models into their operations, which could transform their approach to research, risk management, investment decision-making, and client interactions.

DeepSeek will have access to Tiger Brokers’ financial data, assisting clients in evaluating valuations, making trading choices, and “experiencing the allure of investment,” stated Wu Tianhua, founder and CEO of Tiger Brokers. UBS anticipates that swift AI adoption will enhance financial IT expenditures by 24%, amounting to 69 billion yuan ($9.49 billion), over five years, benefiting suppliers like Hundsun Technologies Inc (600570.SS), Northking Information Technology Co (002987.SZ), and iSoftStone Information Technology (Group) Co (301236.SZ).