DeepSeek, a Chinese AI company based in Hangzhou, specializes in creating open-source large language models. Established recently by Liang Wenfeng, the company has gained attention in the tech sector for its latest AI developments. Impressively, DeepSeek has developed AI rivaling leading models like GPT-4 at significantly lower prices and resource requirements. This breakthrough is particularly remarkable given the US sanctions on China for Nvidia processors, showcasing DeepSeek's technological prowess in the competitive AI landscape.