DeepSeek, a Chinese AI company based in Hangzhou, focuses on developing advanced large language models. Established recently by Liang Wenfeng, the company has made waves in the AI industry for its latest AI developments. Impressively, DeepSeek has developed AI rivaling top competitors at a fraction of the cost and computing power. This achievement is particularly noteworthy given the challenges faced for advanced AI chips, demonstrating DeepSeek's technological prowess in the competitive AI landscape.