Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, specializes in developing advanced large language models. Established recently by Liang Wenfeng, the company has gained attention in the tech sector for its DeepSeek-R1 model. Impressively, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and computing power. This achievement is particularly noteworthy given the challenges faced for Nvidia processors, showcasing DeepSeek's innovative approach in the competitive AI landscape.