Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on developing advanced large language models. Founded in 2023 by High-Flyer's co-founder, the company has made waves in the AI industry for its latest AI developments. Notably, DeepSeek has developed AI comparable to leading models like GPT-4 at significantly lower prices and computing power. This achievement is particularly remarkable given the challenges faced for advanced AI chips, demonstrating DeepSeek's innovative approach in the global AI race.