DeepSeek originated as a hedge fund (HighFlyer Capital Management) focused on quantitative trading and had already purchased 10,000 Nvidia A100 chips before October 2022 export controls; the company has now pivoted entirely toward AGI development alongside other frontier AI labs.
factualpending
Speaker
Gregory C. AllenEvidence Quote
“this came as a quantitative trading firm uh highflyer Capital Management... before the um October 2022 export controls went into place um highflyer had already bought 10,000 Nvidia a100 chips”
Source
Week 1 of the Trump administration, AGI timelines, and DeepSeek— Center for Strategic & International StudiesCreated: 8/11/2026, 7:43:26 AM
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