DeepSeek could be valued at up to $50 billion in first fundraising: Sources

Chinese AI startup DeepSeek could be valued at up to $50 billion in its maiden fundraising drive, three sources said, as the large language model builder seeks to reverse its years-long strategy of rejecting outside funding.

China’s 60-billion-yuan ($8.8 billion) national artificial intelligence fund, founded in January last year, is in talks to be a lead investor in DeepSeek’s fundraising, said one of the sources familiar with the matter.