Source: scmp.com
Image content: The image is a cartoon illustration depicting the allure of Quant Investment in China for American graduates.
The main subject of the image is a large red horseshoe magnet with the Chinese flag on its top and the words "QUANT INVESTMENT" written on it, positioned on the right side of the image. The magnet is attracting several silhouetted figures of people wearing graduation caps and gowns, who are jumping towards it from the left side of the image, which features a section of the American flag.
The image suggests that China's Quant Investment sector is drawing talented individuals away from the United States, symbolized by the American flag, and towards China, represented by the magnet.
Summary
Recent developments in AI and global markets have significant implications. China has released a global AI action plan, calling for international cooperation while intensifying the tech race with the US. Meanwhile, global stock markets have risen on the back of trade deals and talks, with the S&P 500 and Nasdaq reaching record highs. China's quant hedge funds are also gaining prominence, attracting top talent from the US to fuel their expansion and AI adoption.
Key Points
- China releases global AI action plan, intensifying tech race with US
- Global stock markets rise on trade deals and talks
- China's quant hedge funds attract top talent from US