Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in creating open-source large language models. Founded in 2023 by High-Flyer's co-founder, the company has gained attention in the AI industry for its latest AI developments. Notably, DeepSeek claims to produce AI comparable to top competitors at significantly lower prices and resource requirements. This achievement is particularly noteworthy given the US sanctions on China for Nvidia processors, showcasing DeepSeek's technological prowess in the global AI race.