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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

DeepSeek valuation put at $51.82 billion, Chinese company filing shows

Chinese luggage maker Anhui Korun disclosed on July 16 that a fund it invested in spent 2.9 billion yuan to indirectly acquire a 0.8265 percent stake in DeepSeek. Based on the filing, Reuters calculated DeepSeek’s valuation at 350.88 billion yuan, or about $51.82 billion. Reuters said the disclosure offers rare public evidence of DeepSeek’s first outside fundraising price and investor list, which the private company has never released.