DeepSeek founder Liang Wenfeng is reportedly set to meet with China’s top politicians, including Chinese leader Xi Jinping, during a summit that Alibaba founder Jack Ma is also expected to attend.
The summit, which could take place as soon as next week, may serve as a signal that China’s Communist Party is adopting a more supportive stance toward domestic private-sector firms, according to Bloomberg. In 2020, Chinese authorities effectively blocked Alibaba from executing what would have been the largest public offering in history.
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Liang, who founded DeepSeek in 2023 as a subsidiary of his quantitative hedge fund, High-Flyer, gained widespread recognition last month after DeepSeek’s publicly available AI models demonstrated strong performance against leading models from OpenAI and other American AI companies. U.S. officials have expressed concerns over the rapid adoption of DeepSeek’s models and services, viewing them as a challenge to the United States’ dominance in the AI race.
