Will AI disrupt this $10 trillion industry?

👋 Good morning/evening (wherever you are). It’s Friday. You’ve heard of DeepSeek, but what about “High-Flyer”? You should know that name…they’re the AI quant fund behind DeepSeek.

Here’s their Wiki page (browse it).

Next, read this article…I’ll tease you with the first paragraph:

Chinese hedge fund High-Flyer's use of artificial intelligence in trading markets has spurred an AI arms race among mainland asset managers that could shake up the country's $10 trillion fund management industry.

You’ve already heard me talk about how sparks of “AGI” will be revealed in the financial markets — I still strongly believe in that…because money makes the world go round.

OK let’s keep going ↓

Here’s what you should know:

• Apple’s Siri Chief Calls AI Delays Ugly and Embarrassing, Promises Fixes

  Robby Walker, who serves as a senior director at Apple, delivered the stark comments during an all-hands meeting for the Siri division, saying that the team was facing a bad period. Walker also said that it’s unclear when the enhancements will actually launch, according to people with knowledge of the matter, who asked not to be identified because the gathering was private.

• Oracle Brings AI Agents to the Fight Against Financial Crime

  “Traditional investigative processes often rely on tedious manual data collection and analysis that can be slow, resource-intensive, and prone to human error.”

  ^This is important to remember. Think of any existing process that relies on manual efforts and is slow + resource-intensive + prone to human error. If this combo exists, then there is a non-zero chance that AI systems will be explored to drive efficiencies.

• This headline is even more fun: Oracle Red Bull Racing Doubles Down on Oracle Cloud and AI to Drive Performance for 2025 Season and Beyond

  In a groundbreaking pilot, Oracle is helping Oracle Red Bull Racing bring GenAI to the pit wall. After a race concludes, teams only have 30 minutes to protest a penalty. In that brief window of time, each team must review thousands of pages of historical regulatory rulings and build a case for a protest. The GenAI solution from Oracle—consisting of retrieval-augmented generation (RAG) coupled with a large language model (LLM)—will enable Oracle Red Bull Racing to query all historical regulations and generate responses in real time, dramatically improving its ability to efficiently query and adapt to sporting regulations over a race weekend.

• Marissa Mayer (former Google and Yahoo exec) discusses her AI startup

  Recently, she's been tackling a new challenge at Sunshine, her AI-driven startup focused on making everyday tasks more seamless, starting with managing users' phone contacts and reminding them about birthdays.

• Cohere introduces Command A

  Command A is on par or better than GPT-4o and DeepSeek-V3 across agentic enterprise tasks, with significantly greater efficiency.

The numbers:

• OpenAI Deepens Japan Focus as SoftBank Buys $676 Million Sharp Plant for AI Hub

  Why? You guessed it…to sell customized AI agents to clients (Nikkei).

• Insilico Medicine Secures $110 Million Series E Financing to Advance AI-Driven Drug Discovery Innovation

• Bria Secures $40 Million in Series B to Drive Fair Gen AI Usage for Enterprises

Thought starters:

• The future of AI isn’t the model—it’s the system

  Attention is moving to the agents, apps, and robots that turn intelligence into value in the real world.

• The Impact of Generative AI on Critical Thinking (Microsoft Research)

  Are we still thinking critically when AI does the heavy lifting?

Thanks for reading,

Eddie

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