DeepSeek founder Liang Wenfeng is expected to meet with top Chinese officials, including President Xi Jinping, during an upcoming summit. The meeting could signal China’s shift towards supporting domestic private enterprises.
Liang founded DeepSeek in 2023, a subsidiary of his quantitative hedge fund High-Flyer. The company gained recognition recently for its AI models’ exceptional performance, surpassing those from renowned American companies like OpenAI.
This development has raised concerns among U.S. officials, who view DeepSeek’s rising popularity as a potential threat to America’s dominance in the field of artificial intelligence. The summit may indicate China’s intention to foster innovation and support its technology sector.
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