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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

DeepSeek V4 to run on Huawei chips instead of Nvidia, marking new milestone in China\'s chip self-sufficiency

Chinese AI startup DeepSeek is expected to unveil its next-generation V4 model in the coming weeks, with reports saying it will run on Huawei Technologies\' latest chips rather than Nvidia hardware. The Information reported that Chinese big tech companies including Alibaba, ByteDance and Tencent are placing large orders for Huawei\'s upcoming chips. The report said Ascend 950PR prices have risen 20 percent in recent weeks.