High-Flyer Switches Focus to Cutting-Edge AI Development Using Artificial General Intelligence (AGI)
Quantitative hedge fund High-Flyer has shifted its focus from financial investments to developing advanced artificial intelligence (AI). The company aims to create a new independent research group, DeepSeek, to pursue artificial general intelligence (AGI).
What is AGI?
AGI refers to autonomous systems that surpass human capabilities in most valuable economic tasks. OpenAI, the Microsoft-backed company behind ChatGPT, defines AGI as the next generation of AI models.
High-Flyer's Journey to AGI
High-Flyer's transition to AGI follows years of investment and experimentation. Under founder Liang Wenfeng, the fund has applied AI technology to its business and invested heavily in high-end Nvidia chips for computing power.
Supercomputing Clusters for AI Advancement
High-Flyer has built two AI supercomputing clusters using Nvidia A100 chips. These clusters were constructed before export restrictions were imposed, giving the company a significant advantage in AI development.
DeepSeek's Role in AGI
DeepSeek is a breakout AI model developed by High-Flyer. It has gained recognition for its sophistication and sparked a global technology shake-up. While DeepSeek has claimed to use lower-power Nvidia chips for its training, industry executives have speculated that the company has access to more computing resources.
Investment Focus and Chip Concerns
High-Flyer's investment in DeepSeek remains unclear. However, Liang has expressed concerns about the availability of high-end chips, suggesting that computing power remains a crucial factor in AI development.