DeepSeek’s Liang Wenfeng Says Coding Agents Come Before General Agents and Vertical AI

oran_ge · x · 2026-07-23

A long set of quotes from DeepSeek founder Liang Wenfeng’s recent investor meeting, covering product strategy, open source, competition, and the AGI roadmap.

Main points

He argues product is only a byproduct on the road to AGI, not the main destination.
He downplays 3D, video generation, and world models as having limited direct relation to intelligence ceilings.
He says multimodality matters, but is not intelligence itself, and that hallucinations are mainly a product problem.
He believes coding agents are the priority right now, ahead of general agents or vertical agents in finance and healthcare.
The next major step after CoT and agents, in his view, is continual learning; only after that could AI accelerate frontier research and eventually reach embodied intelligence.
On business, he says they aim for reasonable profits, low prices, no sales team and no customer support, and that open source is strategically compatible with that approach.
He attributes China’s AI gap mainly to resources, expects the domestic model market to consolidate, and says large-model companies will not capture most of AI’s profits.
He also stresses team stability, restraint, and vision-driven culture over KPI-style management.

The quotes read like a compact manifesto: AGI first, product second, cost discipline, and open source as strategy rather than charity.

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DeepSeek’s Liang Wenfeng Says Coding Agents Come Before General Agents and Vertical AI

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