DeepSeek was founded by a hedge fund entrepreneur named Liang Wenfeng, who pulled together his former employees and dozens of Ph.D. graduates from Chinese universities to try and build human-level AI

OpenAI CEO Sam Altman on Monday called Chinese AI startup DeepSeek's R1 an "impressive model" and pledged his company would "deliver much better models" in the future. Why it matters: DeepSeek's announcement that its new model that's cheaper than U.