Who Is Liang Wenfeng, the Founder of AI Disruptor | World Market Information
When 40-year-old Liang Wenfeng, founder of the tech world’s latest AI star, DeepSeek, returned to his home village within the southern Chinese language province of Guangdong for Lunar New Yr’s Eve celebrations final week, he was given a hero’s welcome.The village honored him with a crimson banner that mentioned, “Warm congratulations for becoming the pride of his hometown,” in line with a translated model of the banner.Wenfeng’s reputation is partly as a result of his AI startup, DeepSeek, which rattled U.S. tech shares when it skyrocketed to the highest of app shops final month (it is nonetheless topping iPhone charts) after claiming that its latest AI model matched or surpassed AI from industry leaders like OpenAI, Anthropic, and Google—however at a fraction of the associated fee.
Whereas AI from startups like Anthropic can value $100 million to develop, DeepSeek claims its AI prices much less than $6 million for a similar performance.Associated: DeepSeek AI Price Much less Than $6 Million to Develop. This is Why Meta and Microsoft Are Justifying Spending Billions.Liang Wenfeng. Picture by VCG/VCG through Getty ImagesWenfeng was already common in Guangdong earlier than DeepSeek. He turned a billionaire after establishing the hedge fund Excessive-Flyer in 2015, which exceeded 100 billion yuan (close to $14 billion) in belongings underneath management by 2021. He’s now price not less than $1 billion, in line with Forbes.Residents of his hometown advised the Monetary Instances that as a youngster he was a “top student” who learn comedian books and excelled in math.”We all grew up in this village,” one resident advised the publication. “We’re very proud of him.”
Who’s Liang Wenfeng?Wenfeng was born in 1985 and was a straight-A scholar in class, per the Wall Avenue Journal.Earlier than founding DeepSeek, Wenfeng pursued an training in engineering. In line with The New York Instances, he has a technical background in AI engineering and wrote his 2010 thesis on bettering AI surveillance systems at Zhejiang College, a public college in Hangzhou, China. He graduated from Zhejiang with a grasp’s degree in info and communication engineering.Associated: OpenAI Says AI Business Disruptor DeepSeek Could Have Copied Its Work as Rivals Race to Catch UpWenfeng based the hedge fund Excessive-Flyer in June 2015 on the age of 30, per the Chinese language publication QQ.com. He and his workforce have been decided to make use of math and AI to ship robust outcomes for shoppers.
Excessive-Flyer skilled regulatory pressures from 2019 to 2023, main the workforce to focus more on AI as a facet project and construct computing systems with Nvidia graphics playing cards. Wenfeng formally based DeepSeek in July 2023. The AI company turned more of a focus for him after Excessive-Flyer needed to shut down its major investment product in February 2024, per The Instances.In a 2023 interview with Chinese language tech publication 36KR, Wenfeng mentioned that DeepSeek’s aim was basic artificial intelligence, or AI that surpasses human cognitive talents. He additionally mentioned that AI startups have been well-positioned to compete with established firms.”The market is changing,” Wenfeng advised the publication in line with an English-translated model of his remarks, which have been initially made in Chinese language. “The real decisive force is often not some ready-made rules and conditions, but the ability to adapt and adjust to changes.”Associated: Is DeepSeek the Worst Nightmare for VCs? Enterprise Buyers Are Rattled, However Some See a Silver Lining
Keep up to date with the latest news within the international markets! Our web site is your go-to source for cutting-edge financial news, market trends, financial insights, and updates on worldwide trade. We offer every day updates to make sure you have entry to the freshest info on stock market actions, commodity costs, currency fluctuations, and main financial bulletins.
Discover how these trends are shaping the longer term of the worldwide economic system! Go to us recurrently for essentially the most partaking and informative market content material by clicking right here. Our fastidiously curated articles will keep you knowledgeable on market shifts, investment methods, geopolitical impacts, and pivotal moments in international finance.
