Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on creating open-source large language models. Established recently by Liang Wenfeng, the company has made waves in the AI industry for its latest AI developments. Notably, DeepSeek claims to produce AI rivaling leading models like GPT-4 at a fraction of the cost and resource requirements. This achievement is particularly remarkable given the challenges faced for Nvidia processors, demonstrating DeepSeek's innovative approach in the competitive AI landscape.