Hangzhou DeepSeek, a Chinese AI company based in Hangzhou, focuses on creating advanced large language models. Founded in 2023 by Liang Wenfeng, the company has gained attention in the AI industry for its DeepSeek-R1 model. Impressively, DeepSeek has developed AI comparable to leading models like GPT-4 at significantly lower prices and resource requirements. This achievement is particularly remarkable given the US sanctions on China for advanced AI chips, showcasing DeepSeek's innovative approach in the global AI race.
