Search results for Ascend 950
AI & Enterprise
DeepSeek halts second fundraising after leak of founder\'s private remarks
China AI company DeepSeek has temporarily halted its second fundraising round after private remarks by founder Liang Wenfeng spread outside the company. The firm told some investors it would not proceed with contract signings for the time being, a blockchain outlet reported. DeepSeek had moved to a follow-on round only weeks after completing a first raise in June, seeking at least 10 billion yuan and valuing the company at at least 480 billion yuan.
AI & Enterprise
DeepSeek founder says China can end Nvidia dependence within a year
DeepSeek founder Liang Wenfeng said China’s AI industry is reaching a turning point in its dependence on Nvidia hardware and that chip supply will no longer be a key obstacle within a year. He cited a resource gap with the United States driven by computing power constraints. He said DeepSeek lags U.S. leaders by 12 to 18 months but achieves similar performance with far less computing. DeepSeek is working more closely with Huawei and pursuing its own chips and software tools.
AI & Enterprise
Three reasons DeepSeek\'s new V4 model matters: high performance, low cost and Chinese AI chips
Chinese AI company DeepSeek unveiled its next flagship model, V4, stepping up its push into the open-source AI market. The model expands long-context handling, improves price competitiveness and highlights optimisation for Chinese-made chips. DeepSeek released two versions, V4-Pro and V4-Flash, with web, app and API access. It also touted benchmark performance and resource reductions versus its prior model. V4 is its first model optimised for Huawei Ascend chips, though analysts say a full shift away from Nvidia is unlikely yet.