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AI & Enterprise

DeepSeek seeks funding at over $20 billion valuation amid talks with Alibaba, Tencent

Chinese AI startup DeepSeek is seeking its first external funding round with a target valuation above $20 billion, as Tencent Holdings and Alibaba Group discuss a possible investment, Cryptopolitan reported. DeepSeek is owned by hedge fund High-Flyer Capital Management and is in talks with outside investors, with terms still in flux. Nvidia CEO Jensen Huang warned that optimizing DeepSeek models for Huawei chips could harm the United States.

AI & Enterprise

Huawei fills Nvidia gap as Shenzhen launches 10,000-card AI cluster

China\'s southern tech hub Shenzhen has begun operating large-scale computing infrastructure based on Huawei\'s domestically made AI chips, accelerating its AI self-reliance strategy. Shenzhen launched a 10,000-card intelligent computing cluster using Huawei\'s Ascend 910C chips, a first large domestic-chip build in China. Performance reached about 11,000 petaflops, taking total capacity to about 14,000 petaflops after a second-stage expansion, with bookings reported at 92 percent.