DeepSeek in talks to raise $300 million at $10 billion valuation, Report says

Chinese artificial intelligence startup DeepSeek is meeting with investors to raise at least $300 million at a $10 billion valuation. Information It was reported Friday, citing two people familiar with the matter.

The report stated that the company, whose low-cost models took the artificial intelligence industry by storm and shook the stock markets last year, had previously turned down numerous financing offers from China’s largest venture capital companies and technology giants.

The potential fundraising underscores the intensive capital requirements to develop and run world-class AI models amid the rise of advanced reasoning and agent bots.

DeepSeek did not immediately respond to Reuters’ request for comment. Reuters We were not able to immediately confirm the report.

The report noted that as a Chinese startup, some US venture capitalists may be hesitant to invest in DeepSeek.

Reuters reported earlier this year that the company did not show U.S. chipmakers its flagship model for performance optimization and trained one of its newest models on Nvidia’s most advanced chip, even though it was banned.

Meanwhile, China is working to ensure that local companies use domestic processors and reduce dependence on foreign technology.