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Hangzhou DeepSeek, a Chinese AI company based in Hangzhou, specializes in developing advanced large language models. Founded in 2023 by High-Flyer's co-founder, the company has gained attention in the AI industry for its latest AI developments. Impressively, DeepSeek claims to produce AI comparable to top competitors at a fraction of the cost and resource requirements. This breakthrough is particularly remarkable given the US sanctions on China for advanced AI chips, demonstrating DeepSeek's technological prowess in the global AI race.