Business · Companies · 1 day ago

DeepSeek founder Liang Wenfeng's wealth estimated at $40 billion

DeepSeek founder Liang Wenfeng's wealth estimated at $40 billion

Liang Wenfeng, a Chinese technology entrepreneur, founded the AI company DeepSeek in 2023.

Forbes estimates his wealth at $40 billion, placing him 52nd on its real-time list of the world's richest people.

Liang studied information and communications engineering at Zhejiang University and later founded companies combining AI with quantitative trading.

DeepSeek drew global attention with R1, an open-source reasoning model that the company said cost $5.6 million to support its base AI model.

The company has said its June funding round raised $7.4 billion and valued it at $52 billion.

DeepSeek's rise has also raised concerns about misinformation, data privacy and possible government access to user data.

The available information does not say what the company plans to do next.

Sources

Related news