Overnight, my entire network—from VC friends to fellow tech bros—all went totally siao sharing the notes from DeepSeek CEO Liang Wenfeng’s 4-hour investor meeting. Everyone was treating it like some kind of tech pilgrimage, forwarding it non-stop in WhatsApp and Telegram groups.
I took the time to read through the whole thing, and honestly? It’s damn solid. I’ve summarized the most quoted parts below, and let me tell you, his final point hit me right in the feels because it perfectly validates how I’ve always approached building products.
On AI Replacing Us and the Big Boys' Race
First off, Liang made a very practical point: AI isn’t going to just replace employees. Humans can learn continuously in the background, but for AI to do the same task, you have to feed it the entire context every single time. It’s almost impossible. For a normal person, what they really need isn’t just a computer; they need actual human labor.
He also talked about the LLM race. People saying Anthropic has overtaken OpenAI? He thinks it's just a temporary phase. Moving forward, OpenAI and Google will probably just take turns leapfrogging each other. As for the domestic scene in China, where so many companies are chionging to build the exact same foundation models, he believes the market will definitely consolidate over time. Just need a bit of patience to let the dust settle.
Work Culture and the Open-Source Endgame
This part I really respect. He mentioned they generally don’t do OT (overtime). Why? Because research requires a relaxed environment. They are hyper-focused. A lot of their products are actually imperfect, but they don’t just simply patch them up for the sake of it—it’s a culture of restraint.
And his view on open source is so big-picture. AI is huge; it might eventually take up 10% of human GDP. If you try to be kiasu and monopolize all the benefits for yourself, history will just abandon you. It’s an objective law. Plus, selling APIs isn't even that attractive to them. Just put a few guys to maintain it, don't even need customer service, and the users will naturally come.
