The technological revolution of this moment is called Depseek. Behind her appears the unknown figure, so far, by Liang Wenfeng. A 40 -year -old mathematician, which represents a sector of minds passionate about technology in the quantitative field and research. We talked about a Chinese millennial that forged the path of artificial intelligence (AI) ‘low cost’ from the University with High-Flyer and that today allows him to gain respect for the entire western universe of Silicon Valley.
It could not have been otherwise. The technological revolutions that come from bright minds have certain points in common: having given in the nail in something original and disruptive that allows the “revolutionary” distinction. These characteristics, own since the professional beginnings of Liang Wenfeng, today give him abysmal recognition after having brought to Light Depseek. And, in a matter of two weeks, The Chinese ‘low cost’ assistant has surpassed his rival Chatgpt as the best qualified free application. To achieve this, there was a previous, silent job, without major economic ambitions that we detailed.
Deepseek, from Startup to Technological Revolution
To understand the impact of the China startup you have to return to its It was “entrepreneurship”when Liang was just a 17 -year -old student at the University of Zhejiang, where he specialized in electronic engineering and communications, before obtaining a master’s degree in information and communications engineering in 2010.
Three years later, his high ability to mathematics allowed him to develop AI algorithms for the negotiation of actions. Thus, that year he opened his first solo company, Jacobi, an investment firm that bears the name of the German mathematician Carl Jacobi. For 2015, he and several Friends of the University co-founded High-Flyer Quantitative Investment Managementa coverage fund specialized in quantitative models based on automatic learning for the negotiation of computer actions.
High-flyer became one of the First companies that adopted advanced AI techniques in China in 2019which allowed computers to process large data sets and identify key market patterns. With his team he began to acquire and develop computer systems promoted by Nvidia graphic processing units, far ahead of most Chinese companies. “By staying at the forefront, it positioned itself among the few Chinese companies with more than 10,000 high -end chips, a measure that was fundamental when the United States restricted the sales of these chips to China,” he says Fortune.
High-Flyer growth
According to the Simu Paipaiwang financial data provider, at the end of 2021 the fund portfolio It had grown to exceed 13,790 million dollars. Along these lines, at least five of the High-Flyer funds produced an average excess of more than 20% on the market reference indices in the last five years.
A successful scenario in which High-Flye found the perfect formula “When capitalizing the impulsive nature of China’s retail investors, they dominate the market”as praised New York Times. However, like many Chinese quantitative operators, High-Flyer suffered losses after regulatory measures in recent years, although, according to Fortune, it still manages 8 billion dollars in assets.
THE BIRTH OF DEPEEEK
Given the additional regulatory pressure, the economic environment points out, the company took a turn to align with the growing approach of China in advanced AI. Thus, in April 2023, High-Flyer announced plans to expand beyond the investment sector and “explore the essence of general artificial intelligence (AGI).” A month later, Deepseek was created as an independent research group, backed by High-Flyer, With the mathematician Liang in command of a silent project engaged in curiosity rather than in money, wealth and fame, according to information from AP news
For two years, Depseek focused solely on research instead of depending solely on the creation of consumer -oriented products to obtain income. A decision that Wenfeng has allowed him to have a competitive advantage over its competence in innovation.
In 2024, the company fell significantly prices for developers who use their AI model, which caused a price war with larger Chinese rivals. Unlike OpenAi, Depseek has chosen to make all its Open source modelsallowing any developer to use and modify them freely.
The avant -garde of the Chinese industry
Liang with Deepseek has been irruptional, something that neither bytedance and Alibaba, until now, had achieved. His new development has catapulted him to Vaguard of China’s AI industryputting in check the narrative that the Asian giant was not playing the game of letters on artificial intelligence, with respect to US technological giants.
“In the last thirty years, (the Chinese technology industry) has only focused on earning money and ignored innovation. Innovation is not driven only by business, it also needs curiosity and a desire to create, “said Liang and advances Reuters.
Along these lines, Deepseek’s latest model is on par (or even superior) with the leading models of the industry in the United States, All at a cost fraction. At the same time, a report by the Liang company states that training Deepseek-V3 “required less data and a significantly lower expense than its competitors“, although some skeptics have questioned these findings.
Skepticism of “sputnik moment” and economic impact
According to the agency, Bernstein analysts highlighted this week in a report that the total Depseek training costs for their V3 model were unknown, but they were a lot higher than the 5.58 million dollars than the startup said they were used for processing power. The analysts also said that the training costs of the equally acclaimed R1 model were not revealed.
In turn, Depseek’s birth, as a cheapest artificial intelligence alternative, has caused commotion in the US marketeliminating more than one billion dollars in market capitalization.
Despite the detractors, Deepseek, it is a real revolution in innovation. For this reason, Fortune quotes Marc Andreessen who calls for these phenomena to go through a “Sputnik moment”: The surprise launch of the Soviet Union of the First Satellite to space, which remodeled the global competition.
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