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AI & Enterprise

DeepSeek raises $15 billion, aims for Shanghai IPO in early 2027

Chinese AI startup DeepSeek raised $15 billion in its second private funding round, the Wall Street Journal reported on Oct. 22, citing sources. Investor demand nearly doubled the fundraising from the initial target, the report said. DeepSeek is also moving up its timetable and is aiming for a Shanghai stock market listing in early next year. If the plan proceeds, it could list before OpenAI and China’s Moonshot AI, the report said.

AI & Enterprise

DeepSeek bets on training AI models with Huawei chips, plans 8 trillion-parameter model

DeepSeek CEO Liang Wenfeng (량원펑) has told investors that training AI models on domestically made chips is the company’s top priority, according to a report. He expects Huawei to begin supplying training chips as early as the fourth quarter, but did not specify volumes. He called the effort a major bet that must succeed and said Huawei chips could match Nvidia’s within a few years. DeepSeek is training a 2 trillion-parameter model and plans an 8 trillion-parameter model.

AI & Enterprise

DeepSeek secures first external funding, clarifies role split with High-Flyer

DeepSeek is seeking external investment for the first time this year as the division of roles with its founder’s quant hedge fund, High-Flyer, becomes clearer. CNBC reported that High-Flyer-affiliated funds secured pre-IPO allocations in Chinese semiconductor and robotics firms, while DeepSeek moved to raise separate financing to meet expanding funding and computing needs. Analysts cited limits to relying solely on High-Flyer as DeepSeek grows.