Liang Wenfeng, the creator of the Chinese AI startup DeepSeek, is reportedly scheduled to meet with Chinese leaders, including Xi Jinping, at a summit that Alibaba founder Jack Ma is also anticipated to attend.
According to Bloomberg, the meeting, which might take place as early as next week, could be seen as a message from China’s Communist Party that it wants to take a more pro-domestic private-sector business posture. Chinese regulators successfully stopped Alibaba from carrying out what would have been the world’s largest initial public offering in 2020.
Liang, who established DeepSeek in 2023 as a division of his quantitative hedge fund, High-Flyer, gained notoriety last month when DeepSeek’s publicly accessible AI models outperformed top models from OpenAI and other US AI firms. The rapid rise in popularity of DeepSeek’s models and services has alarmed U.S. officials, who see it as a challenge to the country’s dominant position in the AI race.
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