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

TLDR AI News

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.
Original Article

Similar Articles

DeepSeek reportedly raises $15B days after US restrictions

TechCrunch AI

DeepSeek reportedly raised about $15 billion just days after U.S. ordered federal agencies to remove its AI technology, with investors including CATL and Tencent. The round marks one of the largest in China and underscores intensifying global AI competition despite U.S. restrictions.