DeepSeek’s $7.4bn raise is one symptom of China’s AI cash surge
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s…
No discussion yet. Be the first to share your thoughts!