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| The 'nerd with a terrible haircut that nobody took seriously' who created DeepSeek... and is now invited to the top table of China's political elite after humiliating US tech giants |
| 2025-01-28 |
| [Daily Mail, where America gets its news] 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 successful financial business, although some sceptics have questioned how big a role the Chinese state has in the company's rapid development. Now CEO OF DeepSeek, Wenfeng was never motivated by money, according to friends, but had always hoped he would command the respect of the US-dominated tech world. And after being responsible for one of the biggest shake-ups in the AI sphere, it is safe to say the entrepreneur has achieved just that. The new AI assistant is already poised to wipe almost a trillion dollars off the value of Silicon Valley firms and President Donald Trump has praised its meteoric rise as a 'wake-up call' for the US. Wenfeng, who by Chinese media accounts has just turned 40, launched his app in the United States on the same day as Trump's inauguration. The chatbot has since become the most downloaded free app in the country - with its skyrocketing popularity seeing the value of its rival AI firms tumble and sending shockwaves through Wall Street and Silicon Valley. His success at challenging US dominance in the sector has seen him hailed a national hero in China, and earned him an audience with the country's prime minister Li Qiang last week. The only AI boss to attend the meeting of China's leading entrepreneurs, Liang shared his insights on the sector with the country's top officials, who said that Beijing will 'focus on breakthroughs in key core technologies and cutting-edge technologies.' Related: DeepSeek 01/25/2025 Davos elite nod along as Trump delivers ultimatum DeepSeek 01/25/2025 China's DeepSeek Bombshell Rocks Trump's $500B AI Boondoggle |
| Posted by:Skidmark |