Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on developing 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 comparable to top competitors at a fraction of the cost and resource requirements. This breakthrough is particularly noteworthy given the US sanctions on China for advanced AI chips, showcasing DeepSeek's technological prowess in the competitive AI landscape.