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DeepSeek is a Chinese AI lab founded in July 2023 in Hangzhou by Liang Wenfeng. It was funded solely by High-Flyer, the quantitative hedge fund Liang co-founded, until a $7 billion Series A in May 2026, and grew out of GPU capacity originally stockpiled for trading research. The lab releases its V, R and V4 model lines as open weights under the MIT licence, with the V4 Pro and Flash tiers succeeded by V4.1 Flash in September 2026.
1.6T MoE (49B active), 1M context, preview
284B MoE (13B active), 1M context, preview
official Flash release, 304B, DSpark speculative decoding
official Pro release, 1.7T, reasoning effort levels
552B MoE, causal encoder-decoder, multimodal; replaces V4 Flash