DeepSeek, a Chinese AI company based in Hangzhou, focuses on creating advanced large language models. Established recently by Liang Wenfeng, the company has gained attention in the AI industry for its latest AI developments. Impressively, DeepSeek claims to produce AI comparable to top competitors at a fraction of the cost and resource requirements. This breakthrough is particularly remarkable given the US sanctions on China for Nvidia processors, showcasing DeepSeek's innovative approach in the global AI race.