The company’s rapid rise can be attributed to its strong emphasis on research and development, as well as its ability to attract top talent. With growing international recognition, DeepSeek is emerging as a major player in the evolving AI landscape Who owns Deepseek .
DeepSeek operates as a wholly owned subsidiary of High-Flyer. High-Flyer, known for its expertise in AI-driven trading algorithms, has provided DeepSeek with significant financial backing, saudi arabia telegram data allowing it to focus on cutting-edge AI research and development.
Brief History of DeepSeek
Born in 1985 in Guangdong Province, Liang Wenfeng showed an exceptional talent for mathematics at a young age. He studied electronic information engineering at Zhejiang University, where he developed a keen interest in artificial intelligence and its applications in finance.
In 2016, Liang leveraged his expertise and co-founded High-Flyer, a hedge fund that used AI to identify patterns in stock prices. By 2021, High-Flyer’s assets under management reportedly exceeded 100 billion yuan (about $11 billion).
In March 2023, High-Flyer announced a strategic shift to focus resources on creating a new and independent research group dedicated to exploring the essence of Artificial General Intelligence (AGI). This initiative led to the creation of DeepSeek in May 2023, with a focus on developing open-source large language models.
Establishment and early development
High-Flyer was founded by a group of college mates who shared a strong background in mathematics and technology. During their time at Zhejiang University, they researched algorithmic trading and developed strategies to analyze stock market trends.
AI integration and technological advancement
High-Flyer’s commitment to innovation was evident early on, with the company investing heavily in AI and machine learning for trading strategies. In 2016, the company began experimenting with a multifactor model that analyzed price and volume data to inform stock positions. In 2017, this AI-driven model was fully incorporated into trading operations.
A major breakthrough came with the development of the Fire-Flyer I AI cluster,china numbers a sophisticated computing system powered by GPUs with high-bandwidth connectivity.
Challenges and market adjustments
Despite its successes, High-Flyer has faced challenges including market volatility and performance fluctuations. In 2021, the company acknowledged underperformance due to misjudgments in sector rotation and market timing.
The AI models struggled to adapt to rapidly changing conditions, leading to higher than expected risk exposure. In response, the company refined its risk management strategies and optimized its AI models to improve adaptability in uncertain market conditions.
Strategic shift to AI research
By 2023, High-Flyer made a strategic decision to expand its focus from financial trading to artificial intelligence research. This led to the creation of DeepSeek, an independent AI research subsidiary dedicated to exploring artificial general intelligence (AGI).
While High-Flyer continues to manage the investment activities, DeepSeek operates as a separate entity focused on AI developments,
