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The Hangzhou-based start-up was only established two years ago by a hedge fund called High Flyer, and it was little known prior to the launch of its large language model ( LLM) last month.
It challenges both the supremacy of similar US products like OpenAI’s ChatGPT and conventional wisdom regarding the cost of producing these items.
In subsequent month, the company has launched two strong AI types – DeepSeek-V3 and DeepSeek-R1– which were built at a fraction of the cost and computing power used by US tech giants for their products.
The announcement caused shares of the silicon huge Nvidia and another AI-related stocks to drop.
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Another surprise was that, despite US sanctions, a Chinese firm was able to achieve for a miracle.