shared a link post in group #🇨🇳 ChinA.I. 🤖🧠🦾🤖
China’s national artificial intelligence fund is in talks to invest in DeepSeek in a funding round that is now expected to value the company at more than 300 billion yuan ($44 billion), according to two people with knowledge of the discussions.
DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, kicked off its first fundraising last month, and the valuation shot up from $10 billion to $20 billion in a matter of days as investors were clamoring to get a piece of the startup, The Information reported previously.
The national AI fund, established last year in Shanghai, has 60 billion yuan ($8.8 billion) to invest in the country’s AI sector. The fund is backed by China’s semiconductor investment fund, colloquially known as the Big Fund. The Financial Times earlier reported that the Big Fund is in talks to lead the funding round that values DeepSeek at about $45 billion. #🇨🇳 ChinA.I. 🤖🧠🦾🤖
https://www.ft.com/conten..
