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.

Finance

Warsh\'s second U.S. FOMC as oil back above $100 revives rate-hike expectations

Markets are factoring in the possibility that Federal Reserve Chair Kevin Warsh could raise the policy rate at this week’s meeting. Oil prices have climbed above $100 a barrel as fighting between Iran and the United States resumes, reviving concerns about energy-driven inflation. Rate-hike odds priced in by futures markets have risen sharply, while bond selling has pushed long-term yields higher in the United States and Europe. Strong U.S. jobs data and inflation still above the Fed’s target are also weighing on expectations.