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DeepSeek is a Chinese artificial intelligence company based in Hangzhou, Zhejiang, founded in 2023 by Liang Wenfeng. The company specializes in developing open-source large language models (LLMs) and is owned and solely funded by the Chinese hedge fund High-Flyer.

In January 2025, DeepSeek released its first free chatbot app, based on the DeepSeek-R1 model, for Apple iOS and Android platforms. By January 27, 2025, DeepSeek-R1 had surpassed ChatGPT as the most-downloaded free app on the iOS App Store in the United States, causing Nvidia's share price to drop by 18%. DeepSeek's success against larger and more established rivals has been described as "upending AI," constituting "the first shot at what is emerging as a global AI space race," and ushering in