What is DeepSeek?

DeepSeek is a Chinese AI startup founded in 2023, specializing in developing open-source large language models (LLMs) and is fully owned by the quantitative hedge fund High-Flyer

Founding Background

The company was established by Liang Wenfeng, who redirected resources from his hedge fund to focus on artificial intelligence research, aiming to achieve artificial general intelligence (AGI)

Recent Breakthrough

DeepSeek launched its AI assistant, which quickly surpassed ChatGPT in downloads on the Apple App Store, indicating its growing popularity and effectiveness

Innovative Technology

DeepSeek employs a "mixture of experts" technique to optimize data analysis across multiple specialized models, enhancing efficiency while using fewer resources

Market Impact

The launch of DeepSeek's AI assistant caused significant declines in stock prices for major tech companies like Nvidia and Meta, prompting concerns about their competitive edge in AI

Talent Acquisition Strategy

The company focuses on hiring recent graduates from top Chinese universities rather than experienced engineers, fostering a collaborative research environment

Global AI Competition

DeepSeek's rapid ascent has sparked discussions about the future of AI development and competition between U.S. and Chinese firms, with some deeming it a pivotal moment akin to the "Sputnik moment" for AI technology