DeepSeek, a Chinese AI company from China, focuses on developing open-source 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 leading models like GPT-4 at significantly lower prices and resource requirements. This achievement is particularly remarkable given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's technological prowess in the competitive AI landscape.