Deepseek is a Chinese AI startup whose latest R1 model  beat OpenAI’s o1 on multiple reasoning benchmarks . Despite its low profile, Deepseek is the

Deepseek: The Quiet Giant Leading China’s AI Race

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2024-11-27 13:00:08

Deepseek is a Chinese AI startup whose latest R1 model beat OpenAI’s o1 on multiple reasoning benchmarks . Despite its low profile, Deepseek is the Chinese AI lab to watch.

Before Deepseek, CEO Liang Wenfeng’s main venture was High-Flyer (幻方), a top 4 Chinese quantitative hedge fund last valued at $8 billion. Deepseek is fully funded by High-Flyer and has no plans to fundraise. It focuses on building foundational technology rather than commercial applications and has committed to open sourcing all of its models. It has also singlehandedly kicked off price wars in China by charging very affordable API rates. Despite this, Deepseek can afford to stay in the scaling game: with access to High-Flyer’s compute clusters, Dylan Patel’s best guess is they have upwards of 50k Nvidia A100 chips.

Deepseek’s strategy is grounded in their ambition to build AGI. Unlike previous spins on the theme, Deepseek’s mission statement does not mention safety, competition, or stakes for humanity, but only “unraveling the mystery of AGI with curiosity”. Accordingly, the lab has been laser-focused on research into potentially game-changing architectural and algorithmic innovations.

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