DeepSeek’s Parent Company Director Under Investigation For Accepting Illegal Commissions Mounting To $2.78 Million, With Payments Coming In From As Early As 2018

In November 2024, the Head of Marketing at High-Flyer Quant, Li Cheng, was detained as he was being accused of accepting illegal commissions through the Chinese quantitative hedge fund. What is interesting about this scandal is that this is the same company that bankrolled the AI startup DeepSeek, which is now the direct competitor of firms like OpenAI. Unfortunately, with new details coming forth, could the parent company director’s actions pull down the reputation of what could be a promising future for an artificial entity? Let us discuss below. The illegal scheme’s duration ran until 2023, with brokerage rebates going […]

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