DeepSeek To Raise More than $7 Billion as Startup Plots Revenue Efforts
DeepSeek is seeking up to $7.35 billion in its first-ever funding round, which would be the largest ever for a Chinese AI company, with founder Liang Wenfeng contributing the largest share.
Excerpt
<p>Liang Wenfeng, billionaire founder and CEO of DeepSeek, is planning to write the biggest check for the startup’s first-ever funding round, which the company now hopes will raise up to 50 billion yuan ($7.35 billion), according to two people with direct knowledge of the talks. That would make it the biggest funding round by a Chinese AI company ever.</p>
<p>Meanwhile, the funding round has prompted the Chinese AI lab to expedite its plans to generate revenue and become commercially viable. DeepSeek has also recently told some investors it plans to speed up model releases to a tempo closer to the industry norm, according to the two people involved in the talks.</p>
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