DeepSeek, led by Liang Wenfeng, is disrupting Silicon Valley with its R1 reasoning model, which reportedly consumes less computing power than American counterparts like Nvidia. The open-source nature of the software has propelled the DeepSeek app to the top of App Store charts, surpassing ChatGPT. Notably, Liang has founded multiple companies, including the AI hedge fund High-Flyer, which supports DeepSeek and manages $8 billion. Unlike most AI entrepreneurs, he offers his product for free as he does not rely on active revenue generation.
DeepSeek, a Chinese AI lab, has Silicon Valley reeling with its R1 reasoning model, which it claims uses far less computing power than those of American AI leaders - and, it's open source.
According to the Wall Street Journal, DeepSeek isn't the entrepreneur's first company. In 2013, a few years after graduating from university, Liang founded the investment firm Jacobi, where he wrote AI algorithms to pick stocks.
Liang distinguishes himself from other AI founders by making his product free and open source; with the backing of his own hedge fund, he doesn't seem to need the extra money.
The DeepSeek app has shot to the top of the App Store charts this week, dethroning ChatGPT.
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