DeepSeek, a Chinese artificial intelligence firm from China, focuses on developing open-source large language models. Founded in 2023 by Liang Wenfeng, the company has made waves in the AI industry for its latest AI developments. Impressively, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and computing power. This breakthrough is particularly remarkable given the US sanctions on China for Nvidia processors, showcasing DeepSeek's technological prowess in the competitive AI landscape.