Hangzhou DeepSeek, a Chinese artificial intelligence firm based in Hangzhou, focuses on creating advanced large language models. Founded in 2023 by Liang Wenfeng, the company has gained attention in the tech sector for its DeepSeek-R1 model. Impressively, DeepSeek has developed AI rivaling top competitors at significantly lower prices and computing power. This achievement is particularly noteworthy given the challenges faced for advanced AI chips, showcasing DeepSeek's innovative approach in the global AI race.
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