DeepSeek, a Chinese AI company based in Hangzhou, specializes in developing advanced large language models. Established recently by Liang Wenfeng, the company has made waves in the tech sector for its latest AI developments. Impressively, DeepSeek has developed AI rivaling top competitors at a fraction of the cost and computing power. This breakthrough is particularly noteworthy given the challenges faced for Nvidia processors, showcasing DeepSeek's innovative approach in the competitive AI landscape.