Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Lily Mae Lazarus

How DeepSeek’s millennial cofounder became one of tech’s hottest players

A woman looks at a laptop with the DeepSeek logo and the same whale icon is displayed in the background. (Credit: ARTUR WIDAK—NurPhoto/Getty Images)

Up until last week, Liang Wenfeng was a relatively unknown figure. The 40-year-old founder of the Chinese AI startup DeepSeek had kept a low profile, just one of many passionate quantitative minds in tech. Now, he has burst onto the global stage, with Silicon Valley heavyweights like Elon Musk, Sam Altman, and OpenAI investor Joshua Kushner eagerly watching and anticipating Liang's next move. In a matter of two weeks, DeepSeek’s AI assistant has overtaken rival ChatGPT as the top-rated free app on Apple's U.S. App Store.

Liang’s DeepSeek breakthrough has propelled him to the forefront of China’s AI industry, challenging the narrative that the country lags behind U.S. tech giants. DeepSeek’s latest AI model is reportedly on a par with—or even superior to—industry-leading models in the U.S., all at a fraction of the cost. A report from Liang’s firm claims that training DeepSeek-V3 required less data and significantly lower expense than its competitors, though some skeptics have questioned these findings.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.