TechMeme
Sources: DeepSeek is set to soon raise $7.4B at a $74B valuation from existing and new investors to fund R&D and its expansion into computing infrastructure (Wall Street Journal)
DeepSeek plans to raise $7.4 billion from existing and new investors, valuing the company at $74 billion, to fund research and development and expand into computing infrastructure. The fundraising aims to accelerate DeepSeek’s AI model training capabilities and build proprietary hardware platforms. This capital injection positions DeepSeek to compete with leading AI firms on both software and infrastructure fronts.