Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in creating advanced 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 claims to produce AI rivaling top competitors at a fraction of the cost and computing power. This achievement is particularly remarkable given the challenges faced for advanced AI chips, demonstrating DeepSeek's technological prowess in the competitive AI landscape.