DeepSeek, a Chinese AI company based in Hangzhou, specializes in creating advanced large language models. Founded in 2023 by Liang Wenfeng, the company has gained attention in the tech sector for its latest AI developments. Impressively, DeepSeek claims to produce AI comparable to top competitors at significantly lower prices and resource requirements. This achievement is particularly noteworthy given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's technological prowess in the global AI race.