Overview
- Founded: DeepSeek was founded in 2023 in Hangzhou, China, originally as an AI lab for the hedge fund High-Flyer
- CEO: Liang Wenfeng, who previously co-founded High-Flyer, is the CEO of DeepSeek
Key Products
- DeepSeek-V3: This model is a 671 billion-parameter AI model that rivals some of the most advanced AI models globally, including OpenAI's GPT-4o.
- DeepSeek-R1: Released in January 2025, this model is known for its advanced reasoning capabilities and cost-effectiveness
Achievements
- Performance: DeepSeek's models have shown impressive performance on various benchmarks, often matching or surpassing their U.S. counterparts
- Cost-Effectiveness: DeepSeek has managed to develop its models at a fraction of the cost compared to U.S. companies, making it a significant player in the AI industry
Market Impact
- App Store Success: DeepSeek's AI assistant became the No. 1 downloaded free app on Apple's iPhone store
- Stock Market Influence: The emergence of DeepSeek has caused significant fluctuations in the stock market, particularly affecting tech stocks
Future Prospects
- Open Source: DeepSeek has released its models as open-source, allowing developers to build on their technology.
- Global Competition: DeepSeek's advancements have intensified the competition between U.S. and Chinese AI companies
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