Hangzhou DeepSeek, a Chinese AI company based in Hangzhou, specializes in developing open-source large language models. Founded in 2023 by Liang Wenfeng, the company has made waves in the AI industry for its DeepSeek-R1 model. Impressively, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and resource requirements. This breakthrough is particularly remarkable given the challenges faced for Nvidia processors, demonstrating DeepSeek's innovative approach in the competitive AI landscape.
