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Leaked transcript sheds light on DeepSeek founder Liang’s “restraint” strategy

The nearly four-hour investor meeting transcript highlights a focus on open-source models and low-margin, affordable pricing rather than short-term gains.

Reported · Written up by our desk · Trade & Tariffs

HousingWire reports that a leaked transcript from a closed-door meeting with potential investors in May offered new detail on Liang Wenfeng, the founder of Chinese AI startup DeepSeek and quantitative hedge fund High-Flyer Quant. The meeting discussion, which lasted nearly four hours, went viral on mainland Chinese social media, with users reacting to Liang’s emphasis on a philosophy of “restraint,” as well as long-term ambition and discipline over fast commercial cashouts. The outlet notes that DeepSeek did not officially confirm the authenticity of the transcript. According to the leaked remarks summarized in the piece, Liang framed the strategy around corporate restraint, low-margin pricing, and open-source model development. The outlet says the approach aligns with DeepSeek’s open-source model posture and its focus on affordable pricing.

Holding on to that theme, the article portrays “restraint” as a core company vision described by Liang during the investor discussion, offering what it calls the clearest glimpse yet into the thinking behind one of China’s most watched AI contenders.

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