Founded in May 2023 by
Liang Wenfeng, a notable figure within the AI industry and hedge fund world, DeepSeek operates independently without pressure from external investors, largely funded by the High-Flyer quantitative hedge fund founded by Wenfeng himself. This unique setup allows DeepSeek to pursue ambitious research and development in AI while building a team of exceptionally skilled graduates from top Chinese universities who prioritize technical abilities over traditional work experience.
DeepSeek made headlines with the launch of its open-source coding model,
DeepSeek Coder, and the subsequent release of the
DeepSeek LLM, which boasts a remarkable 67 billion parameters, aiming to rival the offerings of industry giants like OpenAI, Google, and Meta. What’s truly disruptive, however, is the cost efficiency of DeepSeek’s models, triggering a price war within the Chinese AI market, compelling major tech companies to lower their prices to stay competitive.