Hangzhou DeepSeek, a Chinese artificial intelligence firm based in Hangzhou, specializes in creating advanced large language models. Established recently by Liang Wenfeng, the company has gained attention in the AI industry for its latest AI developments. Notably, DeepSeek has developed AI rivaling top competitors at significantly lower prices and computing power. This breakthrough is particularly remarkable given the challenges faced for Nvidia processors, showcasing DeepSeek's innovative approach in the global AI race.