AI Money Keeps Flowing as Deepseek Plans Record Raise and Core Automation Quadruples Valuation in Weeks
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According to ChainCatcher, DeepSeek's financing negotiations with Alibaba have broken down. DeepSeek launched a massive fundraising campaign, attracting participation from major companies like Tencent and Alibaba, but the two sides ultimately failed to reach an agreement. The core conflict lies in Alibaba's desire to strengthen its own AI ecosystem through investment, while DeepSeek, as an independent model company, insists on minimizing contrac…
AI money keeps flowing as Deepseek plans record raise and Core Automation quadruples valuation in weeks
Deepseek is planning a funding round of up to $7.35 billion, the largest ever for a Chinese AI company. Deepseek V4.1 is set to launch in June. Meanwhile, Core Automation, founded by ex-OpenAI researcher Jerry Tworek just six weeks ago, is already targeting a $4 billion valuation. The article AI money keeps flowing as Deepseek plans record raise and Core Automation quadruples valuation in weeks appeared first on The Decoder.
Deepseek is planning a financing round of up to 7.35 billion dollars, the largest of a Chinese AI company. Deepseek 4.1 is scheduled to start in June. Core Automation, founded by ex-openAI researcher Jerry Tworek six weeks ago, is already aiming for a valuation of 4 billion dollars. The article billions for AI start-ups: Deepseek plans mega round, ex-openAI founder quadrupled review first appeared on The decoder.
DeepSeek reportedly seeks over $7 billion in funding, setting Chinese AI record
DeepSeek is seeking to raise 50 billion yuan ($7.35 billion), which could become the largest AI funding round in China to date. The post DeepSeek reportedly seeks over $7 billion in funding, setting Chinese AI record appeared first on CnTechPost.
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