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Hangzhou DeepSeek, a Chinese artificial intelligence firm based in Hangzhou, focuses on creating advanced large language models. Founded in 2023 by High-Flyer's co-founder, the company has gained attention in the tech sector for its DeepSeek-R1 model. Notably, DeepSeek claims to produce AI rivaling top competitors at significantly lower prices and computing power. This breakthrough is particularly noteworthy given the challenges faced for Nvidia processors, demonstrating DeepSeek's innovative approach in the competitive AI landscape.
