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Another Chinese quant fund joins DeepSeek in AI race with model rivalling GPT

Another Chinese quantitative trading firm has entered the race to develop large language models (LLMs), unveiling systems it claims can match – and in some cases surpass – the performance of US rivals such as OpenAI’s GPT-5.1, following the global rise of DeepSeek. Beijing-based Ubiquant said it released a series of open-source code-focused LLMs last week that outperformed leading closed-source models on multiple benchmarks despite using far fewer parameters. The IQuest-Coder-V1 family is...


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