DeepSeek Seeks $10 Billion in Funding, Prioritizing AI Research Over Commercialization
DeepSeek’s senior management has told potential investors in its ongoing $10 billion funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, Bloomberg News reported. The latest description of the raise follows earlier reports that DeepSeek was nearing a first funding round targeting around 50 billion yuan.
The Information previously reported that CATL intended to invest and that the round was set to close soon. Liang Wenfeng has also told investors the firm has no interest in short-term commercialization and will keep DeepSeek open-sourced.
From the sources (8 posts)
@zephyr_z9Looks like funding round increased from $7B to $10B
@luluyilunLiang Wenfeng has told investors the firm has no interest in short-term commercialization and will keep DeepSeek open-sourced That's not stopping investors to continue to try to pile in as the firm's $10b fundraising effort hits its final
@firstsquawkCHINESE EV BATTERY GIANT CATL PLANS TO INVEST IN DEEPSEEK - INFORMATION
@techmemeSources: DeepSeek execs told potential investors in its ongoing $10B round that it will prioritize groundbreaking AI research over short-term commercialization (@luluyilun / Bloomberg) (Visit Techmeme dot com for the link and full context!
@teortaxestexNow we're talking. $10B should be enough to keep up. I think they kind of keep hoping he'll defect and say "okay, THIS is my price, now we'll focus on products and revenue." But the reason DeepSeek is worth that much is that he won't.
@firstsquawkCHINESE EV BATTERY LEADER CATL INTENDS TO INVEST IN DEEPSEEK, REPORTS THE INFORMATION.
@firstsquawkDEEPSEEK IS SET TO CLOSE ITS FIRST FUNDING ROUND SOON, TARGETING AROUND 50 BILLION YUAN.
@businessDeepSeek’s senior management has told potential investors in its ongoing $10 billion funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, sources say