Hangzhou DeepSeek, a Chinese AI company based in Hangzhou, focuses on developing advanced 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. Impressively, DeepSeek claims to produce AI comparable to top competitors at significantly lower prices and computing power. This breakthrough is particularly remarkable given the challenges faced for Nvidia processors, demonstrating DeepSeek's technological prowess in the global AI race.