China's DeepSeek is raising funds at $10 billion valuation: Report
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Chinese AI startup DeepSeek is reportedly raising at least $300 million at a $10 billion valuation. The funding round highlights the intense capital requirements for developing top AI models.
DeepSeek, a Chinese artificial intelligence startup, is in talks to raise at least $300 million at a $10 billion valuation. The company has previously turned down multiple funding offers from China's top venture capital firms and tech giants. The potential fundraise underscores the intense capital requirements for developing and running top-of-the-line AI models. Some U.S. venture capitalists might hesitate to invest in DeepSeek due to its Chinese origin. DeepSeek has trained one of its newest models on Nvidia's most advanced chip despite it being banned. China is working to ensure local firms use domestic processors and reduce reliance on foreign technology.
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