DeepSeek, a Chinese AI company based in Hangzhou, focuses on creating advanced large language models. Founded in 2023 by High-Flyer's co-founder, the company has gained attention in the AI industry for its latest AI developments. Notably, DeepSeek has developed AI rivaling top competitors at significantly lower prices and resource requirements. This achievement is particularly remarkable given the US sanctions on China for Nvidia processors, showcasing DeepSeek's technological prowess in the competitive AI landscape.