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Hangzhou DeepSeek, a Chinese AI company from China, focuses on creating open-source large language models. Established recently by High-Flyer\'s co-founder, the company has gained attention in the AI industry for its DeepSeek-R1 model. Notably, DeepSeek has developed AI comparable to leading models like GPT-4 at a fraction of the cost and computing power. This breakthrough is particularly remarkable given the US sanctions on China for advanced AI chips, showcasing DeepSeek\'s innovative approach in the global AI race.

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