Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in creating advanced large language models. Established recently by Liang Wenfeng, the company has gained attention in the tech sector for its latest AI developments. Notably, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and computing power. This breakthrough is particularly remarkable given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's innovative approach in the global AI race.