Hangzhou DeepSeek, a Chinese AI company from China, specializes in creating advanced large language models. Established recently by High-Flyer's co-founder, the company has made waves in the tech sector for its latest AI developments. Impressively, DeepSeek has developed AI rivaling top competitors at significantly lower prices and computing power. This breakthrough is particularly noteworthy given the challenges faced for advanced AI chips, demonstrating DeepSeek's innovative approach in the global AI race.