China to Invest in DeepSeek at $50 Billion Valuation (4 minute read)

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Summary

DeepSeek is in talks to raise billions in funding from China's National Artificial Intelligence Industry Investment Fund, valuing the startup at approximately $50 billion.

DeepSeek is in talks to raise money from China's National Artificial Intelligence Industry Investment Fund, a one-year-old government-backed fund with around $8.8 billion in capital. The startup aims to raise a few billion dollars in the new round, which values it at around $50 billion. DeepSeek is a key component in China's plan to have top-class homegrown companies in a range of AI fields. The strategy is a way to hedge against US export controls and to take leadership in bringing AI to the world.
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