Hangzhou DeepSeek, a Chinese AI company based in Hangzhou, specializes in creating advanced large language models. Established recently by High-Flyer's co-founder, the company has gained attention in the tech sector for its DeepSeek-R1 model. Impressively, DeepSeek has developed AI rivaling top competitors at significantly lower prices and resource requirements. This achievement is particularly remarkable given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's technological prowess in the global AI race.