> A bunch of ML researchers who were initially hired to do quant work
Very interesting! I'm sure you have a source for this claim?
This myth of DS being a side project literally started from one tweet.
DeepSeek the company is funded by a company whose main business is being a hedge fund, but DeepSeek itself from day 1 has been all about building LLM to reach AGI, completely independent.
This is like saying SpaceX is the side-project of a few caremaking bros, just because Elon funded and manages both. They are unrelated.
Again, you can easily google the name of the authors and look at their background, you will find people with PhD in LLM/multimodal models, internships at Microsoft Research etc. No trace of background on quant or time series prediction or any of that.
From the mouth of the CEO himself 2 years ago: "Our large-model project is unrelated to our quant and financial activities. We’ve established an independent company called DeepSeek, to focus on this." [0]
It's really interesting to see how after 10 years debating the mythical 10x engineer, we have now overnight created the mythical 100x Chinese quant bro researcher, that can do 50x better models than the best U.S. people, after 6pm while working on his side project.
TDLR Highflyer started very much as exclusive ML/AI focused quant investment firm, with a lot of compute for finance AI and mining. Then CCP cracked down on mining... then finance, so Liang probably decided to pivot to LLM/AGI, which likely started as side project, but probably not anymore now the DeepSeek has taken off and Liang just met with PRC premiere a few days ago. DeepSeek being independent company doesn't mean DeepSeek isn't Liang's side project using compute bought with hedge fund money that is primarily used for hedgefund work, cushioned/allowed to get by with low margins by hedgefund profits.
That's a fair distinction. IMO should still be categorized as side project in the sense that it's Liang's pet project, the same way Jeff Bezos spend $$$ on his forever clock with seperate org but ultimately with Amazon resources. DeepSeek / Liang fixating on AGI and not profit making or loss-making since hardware / capex deprecation is likely eaten by High Flyer / quant side. No reason to believe DeepSeek spent 100ms to build out another compute chain from High Flyer. Myth that seasoned finance quants using 20% time to crush US researchers is false, but reality/narrative that a bunch of fresh out of school GenZ kids from tier1 PRC universities destroying US researchers is kind of just as embarassing.
The carmaking bro predates SpaceX. He had a BMW in college and got a supercar in 1997. While he wasn’t a carmaker yet he got started with cars earlier.
Very interesting! I'm sure you have a source for this claim?
This myth of DS being a side project literally started from one tweet. DeepSeek the company is funded by a company whose main business is being a hedge fund, but DeepSeek itself from day 1 has been all about building LLM to reach AGI, completely independent.
This is like saying SpaceX is the side-project of a few caremaking bros, just because Elon funded and manages both. They are unrelated.
Again, you can easily google the name of the authors and look at their background, you will find people with PhD in LLM/multimodal models, internships at Microsoft Research etc. No trace of background on quant or time series prediction or any of that.
From the mouth of the CEO himself 2 years ago: "Our large-model project is unrelated to our quant and financial activities. We’ve established an independent company called DeepSeek, to focus on this." [0]
It's really interesting to see how after 10 years debating the mythical 10x engineer, we have now overnight created the mythical 100x Chinese quant bro researcher, that can do 50x better models than the best U.S. people, after 6pm while working on his side project.
[0]: https://www.chinatalk.media/p/deepseek-from-hedge-fund-to-fr...