China’s DeepSeek eyes $10 billion valuation in 1st funding round: Report

Chinese AI startup DeepSeek is in talks to raise at least $300 million at a $10 billion valuation in its first external funding round, The Information reported. The company previously declined multiple offers from China's top venture capital firms and tech giants, the report said. DeepSeek's low-cost AI models triggered a sharp selloff in global tech stocks last year.

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