Hangzhou DeepSeek, a Chinese AI company from China, specializes in developing advanced large language models. Established recently by Liang Wenfeng, the company has made waves in the tech sector for its latest AI developments. Notably, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and resource requirements. This breakthrough is particularly noteworthy given the US sanctions on China for Nvidia processors, showcasing DeepSeek's innovative approach in the competitive AI landscape.