DeepSeek is an AI research lab that builds and open-sources large language models (LLMs). It was founded in 2023 by Liang Wenfeng, who previously co-founded High-Flyer, one of China's most successful quantitative hedge funds. Unlike most AI labs that monetize through proprietary APIs or subscriptions, DeepSeek's stated mission is to advance Artificial General Intelligence (AGI) by making its research freely available to everyone.
The company first gained international attention in January 2025 when it released DeepSeek R1 — a reasoning model that matched OpenAI o1 on major benchmarks while costing roughly 97% less to train. The DeepSeek app surged to the top of the Apple App Store in the United States, briefly overtaking ChatGPT, and triggered a notable sell-off in U.S. tech stocks as investors reconsidered assumptions about AI infrastructure costs.
DeepSeek is not a consumer product company in the traditional sense. Its primary focus is research and model development. The chat interface at chat.deepseek.com is a showcase for the models, not the main business. The main output is the models themselves — released publicly for anyone to download, run, and build on.