Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on creating advanced large language models. Established recently by High-Flyer's co-founder, the company has made waves in the AI industry 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 advanced AI chips, demonstrating DeepSeek's technological prowess in the global AI race.