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DeepSeek, a Chinese AI company based in Hangzhou, specializes in creating open-source large language models. Founded in 2023 by High-Flyer\'s co-founder, the company has made waves in the tech sector for its latest AI developments. Impressively, DeepSeek claims to produce AI comparable to top competitors at a fraction of the cost and computing power. This achievement is particularly noteworthy given the challenges faced for Nvidia processors, demonstrating DeepSeek\'s technological prowess in the global AI race.

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