China celebrates DeepSeek’s breakout AI success as tech race heats up

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China celebrates DeepSeek’s breakout AI success as tech race heats up
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People across China have taken to social media to hail the success of its homegrown tech startup DeepSeek and its founder, after the company unveiled its newest artificial intelligence model, sending shock waves through Silicon Valley and Wall Street.

People across China are hailing the success of homegrown tech startup DeepSeek and its founder, after the company’s newest artificial intelligence model sent shock waves through Silicon Valley and Wall Street. “DeepSeek overturns the US stocks overnight” one trending hashtag with tens of millions of views proclaimed on Chinese social media platform Weibo. “DeepSeek makes Meta panic,” said another, in reference to the US tech giant that’s invested heavily in developing its own AI models.

Liang co-founded his AI-oriented hedge fund High-Flyer Quant in 2015, less than decade after he finished his undergraduate studies, according to state media reports. The fund incorporates AI machine learning models into its operations, according to the company’s website.

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