History of DeepSeek in Timeline

DeepSeek is a Chinese artificial intelligence company specializing in the development of open-source large language models (LLMs). Located in Hangzhou, Zhejiang, the company receives its funding exclusively from High-Flyer, a Chinese hedge fund also based in Hangzhou. DeepSeek's focus on open-source LLMs contributes to the broader accessibility and collaborative development of these powerful AI tools.

2015: High-Flyer Founded

In 2015, High-Flyer was established by three Zhejiang University engineers who had begun trading during the 2007-2008 financial crisis.

2019: High-Flyer AI Established

High-Flyer established High-Flyer AI in 2019, dedicated to research on AI algorithms and their applications.

2021: High-Flyer Adopts AI-Driven Strategies

By 2021, High-Flyer transitioned to using AI for all its strategies, drawing comparisons to Renaissance Technologies.

April 2023: Announcement of New Independent Body for AGI Research

High-Flyer announced in April 2023 the formation of an independent body to research artificial general intelligence (AGI), separate from its financial business.

May 2023: DeepSeek Launched

DeepSeek, funded by High-Flyer, launched in May 2023 to focus on AGI research, with funding challenges due to venture capital firms' reluctance.

November 2, 2023: DeepSeek Coder Unveiled

On November 2, 2023, DeepSeek unveiled its first model, DeepSeek Coder, which is free and open-source for both researchers and commercial users.

November 29, 2023: DeepSeek LLM and DeepSeek Chat Launched

On November 29, 2023, DeepSeek launched the DeepSeek LLM with 67B parameters, along with a chatbot version called DeepSeek Chat, aiming to compete with existing LLMs.