DeepSeek, a Chinese AI firm, has taken the world by storm with its groundbreaking technology, triggering a panic in global tech markets and propelling its founder, Liang Wenfeng, into the spotlight.
The meteoric rise of Chinese artificial intelligence firm DeepSeek has sent shockwaves through the global tech industry, propelling its founder, Liang Wenfeng , into the spotlight. DeepSeek's groundbreaking AI technology, unveiled to the world recently, triggered a panic among investors, wiping over $1 trillion off the value of global technology stocks. Concerns arose that the West could fall behind in the burgeoning AI arms race.
Liang Wenfeng, a former hedge fund manager, established DeepSeek in the Chinese city of Hangzhou using profits from his successful financial ventures. While some remain skeptical about the extent of state involvement in DeepSeek's rapid development, Wenfeng's ambition to challenge US dominance in the tech world has become undeniable.Wenfeng, driven by a passion for human-level AI rather than financial gain, aspired to earn the respect of the US-dominated tech sector. His new AI assistant, launched in the United States on the same day as Donald Trump's inauguration, quickly became the most downloaded free app in the country. This unprecedented success has resulted in a plummet in the value of rival AI companies, causing tremors throughout Wall Street and Silicon Valley. Wenfeng's achievement has been lauded as a national triumph in China, leading to a meeting with Prime Minister Li Qiang last week. As the only AI CEO present at this gathering of China's leading entrepreneurs, Wenfeng shared his insights on the sector with the country's top officials, who affirmed Beijing's commitment to breakthroughs in key core technologies and cutting-edge advancements.Wenfeng's journey from a mathematics enthusiast to a tech visionary began in his childhood. As a straight-A student in the port city of Zhanjiang, he excelled in mathematics, teaching himself calculus while still in middle school. His former teacher described him as a dedicated student who balanced his studies with leisure, mastering subjects effortlessly. After graduating from Zhejiang University with a degree in information technology, Wenfeng entered the world of finance, founding investment firm Jacobi, named after the German mathematician Carl Jacobi. He later established High-Flyer, a successful hedge fund that leveraged AI and algorithms to predict stock market movements using Nvidia microchips. Wenfeng brought his top talent from High-Flyer to DeepSeek in 2023, where he fosters a collaborative and innovative work environment. DeepSeek's remarkable performance, despite its modest budget, has challenged the dominance of US tech giants. Wenfeng, known for his hands-on approach, is said to have spent countless hours working late into the night with his team, even sleeping in the office to meet deadlines. His decision to make DeepSeek's code open-source reflects his desire to foster a culture of collaboration and shared knowledge within the AI community, setting a precedent against the trend of tech companies guarding their intellectual property. He sees open-source development as a way to earn respect and contribute to the collective advancement of AI technology
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