DeepSeek: China's Hedge Fund-Backed AI Lab Building Large Language Models
DeepSeek, a Hangzhou-based AI company funded by hedge fund High-Flyer, continues developing large language models.
DeepSeek, a Hangzhou-based artificial intelligence company, is developing large language models (LLMs — AI systems trained on massive text datasets to generate and understand language). The company is owned and funded by High-Flyer, a Chinese quantitative hedge fund.
DeepSeek has emerged as a notable entrant in the global LLM race, joining established players from both China and the West. The company's backing by a quantitative trading firm is distinctive — High-Flyer's deep pockets and computational infrastructure give DeepSeek resources that most AI startups lack. For organizations evaluating AI vendors or building on top of foundation models, DeepSeek represents another option in an increasingly crowded field, and a signal that serious AI investment in China extends beyond the usual tech giants like Baidu and Alibaba. Its models have drawn attention from developers and researchers tracking the pace of open-weight model releases coming out of Chinese labs.
Source: Wikipedia