About DeepSeek
Founded 2023 · Hangzhou, China
DeepSeek AI was founded in July 2023 in Hangzhou by Liang Wenfeng, who is also co-founder of the High-Flyer quantitative hedge fund. High-Flyer's GPU cluster (thousands of NVIDIA A100/H800 cards stockpiled before US export controls tightened) bootstrapped DeepSeek's training capacity. The lab gained global attention for highly efficient training recipes documented in transparent technical reports. Notable releases include DeepSeek Coder (Nov 2023), DeepSeek LLM 67B (Jan 2024), DeepSeekMath with GRPO reinforcement learning (Feb 2024), DeepSeek V2 introducing Multi-head Latent Attention and DeepSeekMoE (May 2024), DeepSeek V3 in December 2024 and DeepSeek R1 in January 2025. The V3/R1 releases triggered global discussion when DeepSeek reported that V3 was trained for approximately $5.6M of GPU-hour cost on 2.788M H800 GPU-hours, ten or more times cheaper than comparable Western frontier runs. All models are released under MIT license. The company is privately funded by High-Flyer rather than venture capital and employs roughly 200 researchers, mostly recent PhDs from Chinese universities.
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