Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in developing open-source large language models. Founded in 2023 by High-Flyer's co-founder, the company has made waves in the tech sector for its latest AI developments. Impressively, DeepSeek claims to produce AI comparable to top competitors at significantly lower prices and computing power. This achievement is particularly remarkable given the challenges faced for advanced AI chips, demonstrating DeepSeek's technological prowess in the global AI race.