The story behind DeepSeek’s breakthrough
The Story of Money19 Helmi 2025

The story behind DeepSeek’s breakthrough

This January, DeepSeek made an announcement that changed the artificial intelligence landscape. The Chinese start-up said that it had trained the latest in a series of competitive AI models, which appeared to be built much more cheaply than those of Silicon Valley competitors. The FT’s China technology correspondent, Eleanor Olcott, first wrote a story about the company last summer. She’s on today to discuss how DeepSeek’s founder Liang Wenfeng was able to finance and grow his company at a time when start-up funding is scarce in China, and often comes with too many strings attached.


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For further reading:

Liang Wenfeng, the DeepSeek founder panicking the tech world

The global AI race: is China catching up to the US?

Xi Jinping seizes DeepSeek moment to restore China tech chiefs to spotlight

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Follow Eleanor Olcott on X (@EleanorOlcott). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.


Read a transcript of this episode on FT.com

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