Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on creating open-source large language models. Established recently by High-Flyer's co-founder, the company has made waves in the tech sector for its latest AI developments. Notably, DeepSeek has developed AI rivaling leading models like GPT-4 at a fraction of the cost and computing power. This breakthrough is particularly remarkable given the US sanctions on China for advanced AI chips, showcasing DeepSeek's technological prowess in the competitive AI landscape.