Part 6/9:
So what exactly is DeepSeek? Founded in May 2023 by Liang Wung, who also established the quantitative hedge fund HighFlyer, DeepSeek is a newly minted competitor in the world of AI. It operates independently but leverages its ties to HighFlyer for financial support and complementary synergies between AI research and quantitative finance.
DeepSeek quickly established itself by launching its first AI model, R1, in November 2023, and has since released various updates to improve performance. Their R1 model has achieved acclaim due to its advanced reasoning capabilities, positioning DeepSeek as a significant contender in the market.