Behind the Money cover image

The story behind DeepSeek’s breakthrough

Behind the Money

CHAPTER

DeepSeek: AI's Rise in Hangzhou

This chapter examines the ascent of DeepSeek, an AI startup founded by billionaire Liang Wenfeng, which emerged from a quant hedge fund to challenge major US firms. It highlights the strategic investments and innovative approaches that position DeepSeek at the forefront of AI development in a competitive global landscape.

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