Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in creating open-source large language models. Established recently by High-Flyer's co-founder, the company has made waves in the tech sector for its latest AI developments. Notably, DeepSeek claims to produce AI rivaling leading models like GPT-4 at a fraction of the cost and resource requirements. This achievement is particularly noteworthy given the US sanctions on China for Nvidia processors, showcasing DeepSeek's innovative approach in the competitive AI landscape.