The success of Chinese firm DeepSeek has sent shockwaves through the artificial intelligence industry – bringing the world’s attention to its previously low-profile boss.
More than $1trillion was wiped off the value of global technology stocks yesterday after DeepSeek’s advanced AI technology was revealed to the world – sparking panic that the West could fall behind in the AI arms race.
Liang Wenfeng, a hedge fund manager, founded DeepSeek in the city of Hangzou with the proceeds of his…