DeepSeek was founded by a hedge fund entrepreneur named Liang Wenfeng, who pulled together his former employees and dozens of Ph.D. graduates from Chinese universities to try and build human-level AI

DeepSeekR1, a new Chinese AI model, has disrupted the market, causing Nvidia's value to drop by $600 billion. U.S. leaders, including President Trump and OpenAI CEO Sam Altman, emphasize the need for innovation.