DeepSeek, a Chinese AI company based in Hangzhou, focuses on creating advanced large language models. Founded in 2023 by Liang Wenfeng, the company has made waves in the tech sector for its latest AI developments. Notably, DeepSeek has developed AI comparable to leading models like GPT-4 at significantly lower prices and computing power. This achievement is particularly noteworthy given the US sanctions on China for Nvidia processors, showcasing DeepSeek's technological prowess in the global AI race.