DeepSeek Inside: Origins, Technology, and Impact

The parent of DeepSeek is High-Flyer, a quant hedge fund founded in 2015 in the city of Hangzhou, China.b It relies on AI and machine learning (ML) for stock-trading decisions. The cofounder, Liang Wenfeng (born 1985), is a graduate of Zhejiang University. He studied machine vision and started the company with two classmates after researching the topic since 2008. High-Flyer is reported to have 113 employees and 59 million in revenues while managing 8 billion in assets.11,c