Hangzhou DeepSeek, a Chinese AI company from China, specializes in developing open-source large language models. Established recently by High-Flyer's co-founder, the company has gained attention in the AI industry for its latest AI developments. Impressively, DeepSeek claims to produce AI comparable to leading models like GPT-4 at a fraction of the cost and resource requirements. This breakthrough is particularly remarkable given the US sanctions on China for advanced AI chips, showcasing DeepSeek's technological prowess in the competitive AI landscape.