DeepSeek, a Chinese AI company from China, focuses on developing open-source large language models. Founded in 2023 by Liang Wenfeng, the company has gained attention in the tech sector for its latest AI developments. Notably, DeepSeek has developed AI comparable to leading models like GPT-4 at significantly lower prices and computing power. This breakthrough is particularly noteworthy given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's innovative approach in the global AI race.