TracerSummary
Chinese AI firm DeepSeek is nearing the close of its first external funding round, potentially valuing it at up to $50 billion.
State-backed investors, including affiliates of the "Big Fund III," are reportedly backing the round, alongside firms like Hillhouse and Tencent.
This significant valuation highlights DeepSeek's growing importance in the global AI race and China's push for technological leadership.
Source
State-backed investors, including affiliates of the "Big Fund III," are reportedly backing the round, alongside firms like Hillhouse and Tencent.
This significant valuation highlights DeepSeek's growing importance in the global AI race and China's push for technological leadership.
Source