Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on developing advanced large language models. Established recently by Liang Wenfeng, the company has made waves in the tech sector for its DeepSeek-R1 model. Notably, DeepSeek claims to produce AI rivaling top competitors at a fraction of the cost and resource requirements. This achievement is particularly remarkable given the US sanctions on China for Nvidia processors, demonstrating DeepSeek's innovative approach in the global AI race.