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Hangzhou DeepSeek, a Chinese artificial intelligence firm from China, focuses on developing advanced large language models. Established recently by High-Flyer's co-founder, the company has made waves in the AI industry for its latest AI developments. Notably, DeepSeek has developed AI rivaling top competitors at significantly lower prices and resource requirements. This achievement is particularly noteworthy given the US sanctions on China for Nvidia processors, showcasing DeepSeek's innovative approach in the global AI race.