US Edition
Tencent, Alibaba in Talks to Invest in DeepSeek at over $20 Billion Valuation, The Information Reports
The Hangzhou-based startup is seeking a small round to set a valuation benchmark and curb employee departures, people familiar with the matter said.
- On Wednesday, Chinese tech giants Tencent Holdings and Alibaba Group entered discussions to invest in artificial intelligence startup DeepSeek, which is now aiming for a valuation exceeding $20 billion.
- Owned by High-Flyer Capital Management, DeepSeek initiated its first-ever outside capital raise, targeting at least $300 million while selling no more than 3 per cent of its equity.
- DeepSeek intends to establish a market benchmark for its valuation, giving employees clarity on stock option worth to stem departures amid aggressive poaching by well-funded rivals.
- Large state-backed funds, including affiliates of China's so-called "Big Fund III," are expected to participate, with one investor noting DeepSeek's estimated valuation could exceed $100 billion.
- DeepSeek's initial release triggered a global tech selloff, and the company previously trained models on Nvidia's most advanced chips despite bans on such technology for Chinese firms.
22 Articles
22 Articles
Investors have had difficulty predicting DeepSeek, mainly because the startup, derived from a High-Flyer AI lab, focused on open source AI technologies, but did not establish a proven revenue model
DeepSeek Seeks, Launching First External Funding, Aims for a 30 Trillion Won Valuation. It has been reported that DeepSeek, a Chinese artificial intelligence (AI) startup, is seeking to raise funds with a corporate valuation of over $20 billion (approximately 30 trillion won). According to the U.S. IT media outlet The Information on the 22nd (local time), DeepSeek...
Times of India
The Economic TimesTencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation: Report
Chinese tech giants Tencent and Alibaba are reportedly in talks to invest in AI startup DeepSeek. The company is aiming for a valuation exceeding twenty billion dollars. This potential funding highlights the significant capital needed for advanced AI development. Discussions are ongoing, and terms may change. DeepSeek's previous model release had a global impact.
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