DeepSeek, a Chinese AI company from China, focuses on creating open-source large language models. Established recently by Liang Wenfeng, the company has gained attention in the tech sector for its DeepSeek-R1 model. Impressively, DeepSeek claims to produce AI comparable to top competitors at a fraction of the cost and resource requirements. This achievement is particularly remarkable given the US sanctions on China for Nvidia processors, showcasing DeepSeek's technological prowess in the competitive AI landscape.