DeepSeek is in the final stages of securing a $10 billion funding round aimed at advancing Artificial General Intelligence (AGI) and fostering an open-source ecosystem. The funding, approximately RMB 70 billion, involves major tech players and investment firms such as Tencent Holdings, IDG Capital, and Monolith Capital. China's National Integrated Circuit Industry Investment Fund is also negotiating to invest around RMB 10 billion. This strategic shift marks a departure from DeepSeek's previous reliance on internal funding from its parent company, High-Flyer Quantitative, and its founder, Liang Wenheng. The move comes as global competition in AI infrastructure and talent intensifies, prompting DeepSeek to seek external capital to accelerate its AGI ambitions.
DeepSeek Nears Completion of $10 Billion Funding Round for AGI Development
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