DeepSeek is a Hangzhou-based lab funded by the quant fund High-Flyer. DeepSeek-V3 (December 2024), a 671B mixture-of-experts model with 37B active parameters, showed that a frontier-class model could be trained cheaply. DeepSeek-R1 (January 2025) followed with open reasoning under the MIT licence, along with small “distilled” versions built on Qwen and Llama that anyone could run.
DeepSeek-V3.1 (August 2025) merged thinking and non-thinking modes into one model. DeepSeek-V4 Pro (April 2026) scaled to 1.6T parameters (49B active) with a 1M-token context and three thinking levels. DeepSeek-V4.1 Flash (September 2026) adds image input and a new encoder-decoder design that shrinks the KV cache, the memory that grows with context length.
On a single server, the realistic options are the R1 distills; the full models need a GPU cluster or a hosted endpoint such as Ollama cloud.
