DeepSeek, a Chinese artificial intelligence firm based in Hangzhou, specializes in creating open-source large language models. Established recently by Liang Wenfeng, the company has gained attention in the tech sector for its latest AI developments. Notably, DeepSeek claims to produce AI comparable to top competitors at significantly lower prices and resource requirements. This achievement is particularly remarkable given the challenges faced for Nvidia processors, showcasing DeepSeek's technological prowess in the global AI race.