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DeepSeek is the buzzy new AI model taking the world by storm. The Chinese startup has impressed the tech sector with its robust large language model, built on open-source technology. DeepSeek has also sent shockwaves through the AI industry, showing that it’s possible to develop a powerful AI for millions in hardware and training, when American companies like OpenAI, Google, and Microsoft have invested billions. What is DeepSeek? DeepSeek is the brainchild of investor and entrepreneur Liang Wenfeng, a Chinese national who studied electronic information and communication engineering at Zhejiang University. Liang began his career in AI by using it for quantitative trading, co-founding the Hangzhou, China-based hedge fund High-Flyer Quantitative Investment Management in 2015. In 2023, Liang launched DeepSeek, focusing on advancing artificial general intelligence. Image: DeepSeek DeepSeek launched its first large language model, DeepSeek-Coder, on November 29, 2023. But it wasn’t until January 20, 2025, with the release of DeepSeek-R1, that the company upended the AI industry. With a team of just 200 people and a budget of $6 million, DeepSeek released its free, open-source model, which was on par with OpenAI’s much-ballyhooed GPT 01 model—a project that cost as much as $600 million and took an an estimated 3,500 people two years to build. Unlike big tech companies with big payrolls in the west, DeepSeek optimized its hiring to focus on recently graduated students: “Three to five years of work experience is the maximum, and those with more than eight years of work experience are basically rejected,” a headhunter told 36kr, a popular Chinese tech site. And, whereas OpenAI and other dominant AI models were mainly available as subscription products, DeepSeek’s code is open source, available for public scrutiny and can be downloaded to a local computer via AI playground Huggingface, or as a phone app, for…

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Filed under: News - @ January 30, 2025 1:20 am