Quotes from today's Financial Times:
"A small Chinese artificial intelligence lab stunned the world this week by revealing the technical recipe for its cutting-edge model, turning its reclusive leader into a national hero who has defied US attempts to stop China’s high-tech ambitions.
DeepSeek, founded by hedge fund manager Liang Wenfeng, released its R1 model on Monday, explaining in a detailed paper how to build a large language model on a bootstrapped budget that can automatically learn and improve itself without human supervision.
DeepSeek’s R1 release sparked a frenzied debate in Silicon Valley about whether better resourced US AI companies, including Meta and Anthropic, can defend their technical edge.
Meanwhile, Liang has become a focal point of national pride at home. This week, he was the only AI leader selected to attend a publicised meeting of entrepreneurs with the country’s second-most powerful leader, Li Qiang. The entrepreneurs were told to “concentrate efforts to break through key core technologies.”
In 2021, Liang started buying thousands of Nvidia graphic processing units for his AI side project while running his quant trading fund High-Flyer. Industry insiders viewed it as the eccentric actions of a billionaire looking for a new hobby.
“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,” said one of Liang’s business partners.
https://www.ft.com/content/747a7b11-dcba-4aa5-8d25-403f56216d7e
(4/n)