Part 3/10:
Deep Seek's recent entry, particularly their R1 model, was unexpected for many in the tech arena. While it seemed to appear from nowhere, industry insiders recognize that it has roots in a year and a half of cumulative research and development. The staggering initial reactions stemmed from two key factors: the model's unexpectedly high performance and the perception that it emerged entirely from a lesser-known Chinese hedge fund, raising questions about data access and strategic innovation.