Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in developing advanced large language models. Established recently by High-Flyer's co-founder, the company has gained attention 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 resource requirements. This breakthrough is particularly remarkable given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's technological prowess in the competitive AI landscape.