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Chinese AI Startup DeepSeek Targets Up to $50 Billion in Maiden Fundraising
Reuters reported on plans by Chinese AI startup DeepSeek to raise funds for the first time. The company could be valued at as much as $50 billion in the drive. This reverses its previous approach of avoiding outside investment over several years.
May 6, 11:35 AM·1m read2 sources
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Chinese AI startup DeepSeek could be valued at as much as $50 billion in its first fundraising round. Three sources provided this information to Reuters. The company builds large language models and is changing its approach to funding.
The shift ends a period of several years during which DeepSeek declined outside investments. This development was reported without additional specifics on investors or timing.
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