DeepSeek

DeepSeek is a Chinese artificial intelligence company specializing in large language model development, founded in July 2023 by Liang Wenfeng. Based in Hangzhou, Zhejiang, the company is backed by High-Flyer, a prominent Chinese hedge fund also co-founded by Liang. DeepSeek gained widespread attention with the launch of its DeepSeek-R1 reasoning model and accompanying chatbot in January 2025.

DeepSeek is represented on Venice with a single text model: DeepSeek V3.2, released in late 2025. As the latest iteration of the company's flagship general-purpose LLM line, V3.2 builds on the strong reputation the V3 series earned for competitive performance at efficient training costs.

DeepSeek has distinguished itself in the AI landscape by demonstrating that frontier-level capabilities can be achieved with resourceful engineering and novel training techniques, challenging assumptions about the compute budgets required for top-tier models. The company's open-weight release strategy has made its models widely adopted across the research and developer community worldwide.