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Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., doing business as DeepSeek, is a Chinese artificial intelligence (AI) company that develops large language models (LLMs). Based in Hangzhou, Zhejiang, DeepSeek is owned and funded by High-Flyer, a Chinese hedge fund. DeepSeek was founded in July 2023 by Liang Wenfeng, who also serves as the CEO for both of the companies. The company launched an eponymous chatbot alongside its DeepSeek-R1 model in January 2025. DeepSeek-R1 provided responses comparable to other contemporary LLMs, such as OpenAI's GPT-4 and o1. Its training cost was reported to be lower than other LLMs. The company claims that it trained V3 for US$6 million, which was less than OpenAI's reported US$100 million cost for GPT-4 in 2023. DeepSeek also claimed that they were using approximately one-tenth the computing power consumed by Meta's comparable model, Llama 3.1. DeepSeek's success against larger and more established rivals has been described as "upending AI". DeepSeek's models are open-weight, meaning that the exact parameters are openly shared, but the training data is not openly licensed. Since the January 2025 debut of DeepSeek-R1, the company has made its new models available under free and open-source software licenses, like the MIT License. The company reportedly recruits AI researchers from top Chinese universities and hires from outside traditional computer science fields to broaden its models' knowledge and capabilities. DeepSeek significantly reduced training expenses for their R1 model by incorporating techniques such as Mixture of experts (MoE). The company also trained its models during ongoing trade restrictions on AI chip exports to China. DeepSeek used weaker AI chips intended for export and employed fewer units overall. Observers like the New York Post and The Guardian have said that this breakthrough sent shock waves through the industry which were described as triggering a Sputnik moment for the US in the field of artificial intelligence, particularly due to its open-weight, cost-effective, and high-performing AI models. This threatened AI hardware leaders such as Nvidia. Its share price dropped sharply, losing US$600 billion in market value, the largest single-company decline in US stock market history.

Article title : DeepSeek
"Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., doing business as DeepSeek, is a Chinese artificial intelligence (AI) company..."
Article title : DeepSeek (chatbot)
"DeepSeek is a generative artificial intelligence chatbot developed by the Chinese company DeepSeek. Released on 20 January 2025, DeepSeek-R1 surpassed..."
Article title : Liang Wenfeng
" leading to the creation of DeepSeek in 2023. DeepSeek gained international attention following the release of DeepSeek-R1, which analysts described..."
Article title : List of large language models
"maint: url-status (link) deepseek-ai/DeepSeek-V3, DeepSeek, 2024-12-26, retrieved 2024-12-26 Feng, Coco (25 March 2025). "DeepSeek wows coders with more..."
Article title : Artificial intelligence
"Generative AI applications include chatbots such as ChatGPT, Claude, Copilot, DeepSeek, Doubao, Google Gemini, Grok and Qwen; text-to-image models such as DALL-E..."
Article title : Nvidia
"capitalization for a U.S. company in history at $600 billion. This was due to DeepSeek, a Chinese AI startup that developed an advanced AI model at a lower cost..."
Article title : Generative pre-trained transformer
"generative pre-trained transformers to generate text, such as Gemini, DeepSeek and Claude. GPTs are primarily used to generate text, but can be trained..."
Article title : Mixture of experts
"DeepSeek-AI; et al. (2024). "DeepSeek-V2: A Strong, Economical, and Efficient Mixture-of-Experts Language Model". arXiv:2405.04434 [cs.CL]. DeepSeek-AI;..."
Article title : High-Flyer
"location is in Hangzhou, Zhejiang. It is the founder and backer of AI firm DeepSeek. High-Flyer was founded in February 2016 by Liang Wenfeng and two of his..."
Article title : Transformer (deep learning)
"CL]. DeepSeek-AI; Liu, Aixin; Feng, Bei; Wang, Bin; Wang, Bingxuan; Liu, Bo; Zhao, Chenggang; Dengr, Chengqi; Ruan, Chong (19 June 2024). "DeepSeek-V2:..."

Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., doing business as DeepSeek, is a Chinese artificial intelligence (AI) company

[source: wikipedia]