DeepSeek Pursues $300 Million Funding Round at $10 Billion Valuation: Report

DeepSeek Pursues $300 Million Funding Round at $10 Billion Valuation

Chinese artificial intelligence startup DeepSeek is in talks with investors to raise at least $300 million at a valuation of $10 billion, according to a report by The Information on Friday. The company, known for its low-cost AI models that shook the industry and rattled stock markets last year, has previously rejected multiple funding offers from China's top venture capital firms and tech giants.

The potential fundraise highlights the significant capital requirements for developing and running top-of-the-line AI models amid the rise of advanced reasoning and agentic bots. DeepSeek has a history of making bold moves in the industry, including training one of its newest models on Nvidia's most advanced chip, despite it being banned.

The company's decision to pursue this funding round underscores its commitment to further investing in AI research and development. However, as a Chinese startup, some U.S. venture capitalists might hesitate about investing in DeepSeek, given the company's previous actions that have raised concerns about its reliance on foreign technology.

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Note: Revenue data is not available for DeepSeek as the article does not provide this information.