DeepSeek
Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., doing business as DeepSeek, is a Chinese artificial intelligence (AI) company that develops open weights large language models (LLMs). Based in Hangzhou, Zhejiang, DeepSeek is owned and funded by High-Flyer, a Chinese hedge fund. DeepSeek was founded in July 2023 by Liang Wenfeng, who serves as the CEO for both of the companies. The company launched an eponymous chatbot alongside its DeepSeek-R1 model in January 2025.
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Aug 25, 2026
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DeepSeek's lightweight open-weight models are driving record usage of Chinese AI on a US platform, now 54% of token volume.
Pragmatists see this as a cost-effective alternative to expensive proprietary models like Anthropic's, signaling a pragmatic shift in enterprise AI procurement despite geopolitical tensions.