Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in developing open-source large language models. Founded in 2023 by Liang Wenfeng, the company has gained attention in the tech sector for its latest AI developments. Notably, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and resource requirements. This achievement is particularly remarkable given the challenges faced for Nvidia processors, demonstrating DeepSeek's technological prowess in the global AI race.