China's Deepseek nears $45 bn valuation in its 1st funding round: Report

Chinese AI startup DeepSeek is in discussion for its first funding round at a valuation of about $45 billion, the Financial Times ​reported. China's biggest state-backed ​semiconductor investment vehicle, ‌China Integrated Circuit Industry ​Investment ​Fund, may ​lead this funding round. In January 2025, DeepSeek sent shockwaves through global tech sector with the release of its AI model.