
Liang Wenfeng, 40, is a Chinese entrepreneur with a diverse background in finance and technology. A graduate of Zhejiang University, he co-founded the quantitative hedge fund High-Flyer in 2015, where he used artificial intelligence (AI) to develop trading strategies that helped predict market trends and investment decisions. This early exposure to AI set the foundation for what would later become DeepSeek.
While Liang had only been working on AI as a side project in 2021, his passion for it soon grew into something much bigger. He started purchasing thousands of Nvidia graphics processors, which prepared him for his AI venture. However, the US government restricted the export of AI chips to China in 2021, causing ripples throughout the tech community, and Liang’s ambitions were deemed impossible at that time. According to a report from the Financial Times (FT), many of his peers considered his vision quirky and unrealistic.
One business partner shared, “When we first met him, he was this very nerdy guy with a terrible hairstyle talking about building a 10,000-chip cluster to train his own models. We didn’t take him seriously.” Despite these doubts, Liang’s determination persisted, and he pressed forward with his plans.
DeepSeek, which was initially considered a side project, quickly gained traction. The app, which provides services such as natural language processing, data analysis, and machine learning capabilities, is ready to compete with industry giants like ChatGPT. Liang’s vision for DeepSeek goes beyond just an AI tool; he aims to build a fully-fledged AI platform that can outpace Western competitors in innovation and scalability.
To achieve this, Liang hired top talent from prestigeous Chinese universities, hiring them with some of the highest pay packages possible, comparable to leading firms like ByteDance, which created TikTok. With cutting-edge AI technology and top talent on their team, DeepSeek quickly reached great heights in the AI space.
DeepSeek has sent shockwaves through the financial markets. On its first day of release, the app’s rapid growth caused a huge dip in major stock indices, with Big Tech stocks like Nvidia suffering the brunt of the impact. Nvidia, which supplies the AI chips essential for machine learning, saw its stock drop by 17%, signaling investor concerns over the rise of a powerful Chinese competitor in the AI field.
The broader market also felt the pinch. The Nasdaq Composite Index dropped 5%, wiping more than $1 trillion off the market value. At one point, the Nasdaq saw a significant 3.1% decline, further amplifying fears about the future of Big Tech in the face of this new AI revolution.
DeepSeek now firmly positions itself as a challenge to transform the worldwide AI map, as the new app becomes popular across the globe, raising many doubts about whether or not the current US-dominating tech industry has anything to fear because of Chinese AIs such as DeepSeek’s emergence. Will DeepSeek continue to conquer markets, or will it end up in another scenario?
However, one thing is certain: Liang Wenfeng has transformed a concept that was once dismissed by many into a force that could shake the world markets. DeepSeek, as it grows, will continue to challenge the status quo in AI technology and redefine the future of machine learning applications.
The transformation that has occurred from finance to becoming an AI entrepreneur through the life journey of Liang Wenfeng underlines the transformation power of technology and how AI could transform an industry. In his app DeepSeek, he introduced something new in the world but has brought a huge transformation in global markets as the app keeps gaining its grounds. Of great interest would be the transformation DeepSeek makes for AI in its role in this constantly evolving landscape of technology.
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