DeepSeek Valuation Surges to $45 Billion as Chinese AI Lab Seeks First-Ever VC Round Led by State Fund
DeepSeek's valuation more than doubles to $45 billion as the Chinese AI lab enters talks for its first-ever VC round, led by a Chinese state fund with Tencent and Alibaba also in discussions, signaling China's aggressive push to build homegrown AI rivaling the U.S.