About DeepSeek
Founded 2023 · Hangzhou, China
DeepSeek (formally DeepSeek AI) was founded in July 2023 by Liang Wenfeng, who is also the co-founder of the quantitative hedge fund High-Flyer (founded 2015). High-Flyer initially funded DeepSeek's research and provided access to thousands of NVIDIA A100 and H800 GPUs accumulated before US export controls tightened. DeepSeek's research output rapidly became influential: DeepSeek Coder (Nov 2023), DeepSeek LLM 67B (Jan 2024), DeepSeekMath (Feb 2024) which introduced GRPO reinforcement learning, DeepSeek V2 with Multi-head Latent Attention and MoE (May 2024), DeepSeek V3 (Dec 2024) and DeepSeek R1 (Jan 2025), the open-weight reasoning model that matched OpenAI o1 on many benchmarks. R1's release in January 2025 triggered a significant US stock-market re-rating of AI infrastructure spending given its training cost reportedly under $6M for the V3 base. DeepSeek publishes detailed technical reports and releases weights under the MIT license, making it one of the most transparent frontier labs. The company employs roughly 200 researchers, mostly recent graduates from top Chinese universities, and has stated it is not currently raising external venture capital.
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