Deepseek collapsed in Nvidia – this man is behind the world’s most truly company

World On Monday, Deepseek, a smaller artificial intelligence company, was alarmed by the capital market and technology districts on Monday.

Deepseek released American artificial intelligence models for its challenging R1 model last week. The company has said it has developed it at a much cheaper one than American competitors their own products.

On Monday, Deepseek’s artificial intelligence model caused a real turmoil on the market, resulting in one of the world’s most valuable companies Nvidia’s value melted nearly 600 billion dollars. The point is For the worst diving in stock market history in one day.

But what is this company that caused the rhythm?

Deepseek has been founded by Chinese Mutual Fund leader Liang wenfeng. He was born in 1985 and graduated as a Master of Science (Electronics and Information Technology Master’s Degree in Information Technology from the Chinese University of Zhejiang. The university is one of China’s oldest and most respected.

Liang reported last fall Chinatalk newsletter In an interview, it grown up in the 1980s in Guangdong, China. His father was a primary school teacher.

After graduating from his university, Liang tried different artificial intelligence solutions and achieved success by combining artificial intelligence solutions for investing. In 2015, he founded a Hedge Fund High-Flyer specializing in quantitative investment with a few of his student friends.

According to its website, the fund utilizes machine learning and artificial intelligence algorithms to create investment strategies and make investment decisions. In 2019, the fund had more than $ 10 billion worth of wealth.

Artificial intelligence Liang became interested in developing in the early 2020s. According to Reuters, High-Flyer announced in 2023 that the fund’s official WeChat account “will” start “. At the same time, the fund said it would direct the funds from trading to develop artificial intelligence.

Later in 2023, Liang was founded by Deepseek, whose previous name was High-Flyer AI. The company’s capital was in the form of a news agency According to Bloomberg About 10 million Juan in China, or about EUR 1.3 million. However, it is not known how much High-Flyer has financed Deepseek.

According to Reuters, High-Flyer and Deepseek’s premises are located in the same office building, and the High-Flyer owns patents needed for artificial intelligence training.

Liang said in an interview with the Chinatalk Newsletter that the company has succeeded in its open source operating model to attract talented people to develop Deepseek artificial intelligence. Liang also said that the company does not intend to convert its code to closed.

Artificial intelligence The intake of graphics processors needed for development is limited in China because the United States restricted the president Joe Biden During the administration, their export to China.

It is unclear how Deepseek has accessed the graphics performers with enough effective enough graphics. Radio Free Mobile Analyst Richard Windsor In its newsletter, Deepseek, at least, has not been able to rent the necessary calculation capacity from abroad, since China’s safety legislation requires the calculation to be in Finland.

Liang and Deepseek seem to have apparently close relationships with the Chinese administration. Windsor notes that the company seems to have regular discussion with the administration. CEO Liang has also publicly met Chinese Prime Minister Li qiangin and discussed with Lin about developing artificial intelligence.

Liang has also been reported to have started buying thousands of American Nvidia graphics performers well in advance of the US export restrictions.