DeepSeek, established in 2023 and headquartered in Hangzhou, China, is an AI research lab dedicated to developing open-source large language models. Backed by the hedge fund High-Flyer, DeepSeek focuses on creating advanced AI solutions that are both efficient and accessible. Their flagship model, DeepSeek-V3, launched in December 2024, boasts 671 billion parameters and was trained on a dataset of 14.8 trillion tokens, achieving top-tier performance among open-source models.
In January 2025, DeepSeek released DeepSeek-R1, a model emphasizing logical inference and mathematical reasoning. This model has been recognized for its efficiency, matching the capabilities of leading AI models at a fraction of the cost. DeepSeek’s commitment to open-source development and innovation has positioned it as a significant player in the global AI landscape.