Today, a record of a conversation between Liang Wenfeng, the founder of the Chinese leading AI company DeepSeek, and its investors was made public. The talk happened on May 20. In it, Liang explained in detail DeepSeek’s vision, why he thinks open-source models can help businesses, his views on American AI models, how he compares AI in China and the US, and his picture of the future AI world. Chinese AI founders are often different from American ones. They tend to stay away from the media and put all their energy into building models. They seldom get the chance to fully share their vision for the industry. So this talk, which lasted nearly four hours, gives us a rare look into his thinking. I don’t usually like ideas that are too abstract, but Liang’s understanding of AI is almost like Daoist philosophy. He does not see AI simply as a tool to build a monopoly. Instead, he sees it as a huge wave that is changing human history, a tide that no single company can ever own.

Full report : In a leaked four-hour investor talk, DeepSeek’s Liang Wenfeng says the main US-China gap is compute access, Nvidia’s CUDA moat is disintegrating, and more.