DeepSeek, a Chinese AI company from China, focuses on developing advanced 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 has developed AI comparable to top competitors at a fraction of the cost and resource requirements. This breakthrough is particularly noteworthy given the challenges faced for advanced AI chips, demonstrating DeepSeek's technological prowess in the global AI race.