What is our moat?

We fundamentally believe that our moat is our team’s ability to continually innovate:

• Culture of curiosity
• Inventing new products
• Recovering from failure
• Attracting next generation of talent

Inspiration

In the face of disruptive technologies, moats created by closed source are temporary. Even OpenAI’s closed source approach can’t prevent others from catching up.

So we anchor our value in our team — our colleagues grow through this process, accumulate know-how, and form an organization and culture capable of innovation. That’s our moat.

Liang Wenfeng, Deepseek