Hangzhou DeepSeek, a Chinese AI company from China, specializes in creating advanced large language models. Founded in 2023 by Liang Wenfeng, the company has gained attention in the AI industry for its DeepSeek-R1 model. Impressively, DeepSeek claims to produce AI rivaling leading models like GPT-4 at significantly lower prices and resource requirements. This achievement is particularly remarkable given the challenges faced for Nvidia processors, demonstrating DeepSeek's technological prowess in the global AI race.