With its groundbreaking R1 reasoning model that operates with significantly less computing power than its U.S. competitors, Chinese AI lab DeepSeek is stirring up Silicon Valley’s tech scene. Furthermore, DeepSeek’s app has just surpassed ChatGPT in App Store rankings, underscoring the disruptive nature of Wenfeng’s venture.
So, what’s known about this innovator, Liang Wenfeng, whose groundbreaking company is influencing even Nvidia’s share values? As reported by the Wall Street Journal, DeepSeek isn’t Liang’s first entrepreneurial venture. Post-graduation, Liang set up Jacobi, an investment firm, in 2013 where he developed AI algorithms for stock selection. Just two years later, he established High-Flyer, an AI-assisted hedge fund backing DeepSeek and reportedly managing an impressive $8 billion.
Among his fellow AI pioneers, Liang sets himself apart by offering his product for free and adopting an open-source approach. Evidently, with High-Flyer’s backing, he appears less pressured to secure additional revenue.
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