China’s DeepSeek is raising funds at $10 billion valuation: Report

Chinese artificial intelligence startup DeepSeek is in talks with investors to raise at least $300 million at a valuation of $10 billion, The Information reported on Friday, citing two ‌people familiar ⁠with ⁠the matter.

The company, whose low-cost models took the AI industry by storm and rattled stock markets last year, has previously turned down multiple funding offers from China’s top venture capital firms and tech giants, the report said.