DeepSeek, a Chinese artificial intelligence firm based in Hangzhou, specializes in developing open-source large language models. Founded in 2023 by High-Flyer's co-founder, the company has gained attention in the AI industry for its DeepSeek-R1 model. Notably, DeepSeek claims to produce AI rivaling leading models like GPT-4 at a fraction of the cost and computing power. This achievement is particularly noteworthy given the challenges faced for Nvidia processors, showcasing DeepSeek's technological prowess in the competitive AI landscape.