DeepSeek nears record $7.4 billion fundraising round – Reuters
Founder and chief executive Liang Wenfeng has pledged 20 billion yuan of personal capital, accounting for roughly 40% of the round, the report said.
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DeepSeek nears first funding round as investors scramble for stakes
Media reports on May 22 said the latest round had expanded to 70 billion yuan ($10.33 billion), with a pre-money valuation of about $45 billion.
DeepSeek hires ex-Jane Street quant for coding agent drive
Cui Tianyi, a former co-founder of quant trading firm TSY Capital, joined DeepSeek’s newly formed Harness team in March, according to his LinkedIn profile.
DeepSeek slashes API prices to record low as token costs plunge
At the new rates, DeepSeek said usage cost of its V4-Pro model now drops to industry-low levels, with cached input costing as little as 2.5 fen, the smallest unit of the Chinese currency, per million tokens.
CATL reportedly weighs bets on DeepSeek, eyes role in AI chip race
Other potential backers include e-commerce heavyweight JD.com and online gaming titan NetEase, while Tencent and Alibaba Group have also been previously reported to be in talks.
DeepSeek builds AI coding-agent team to rival Claude Code
DeepSeek senior researcher Chen Deli recently confirmed the initiative publicly, saying the goal is to build what he called “DeepSeek Code Harness.”
DeepSeek adds image recognition as it moves beyond text-only AI
DeepSeek’s image understanding feature began a phased rollout in late April 2026 and was made widely available to users on May 9, according to the company.
DeepSeek seeking record $7.4 billion funding, report says
This comes as competition among the country’s large language model developers intensifies, driving demand for capital to secure compute, attract talent and accelerate commercialization.
China’s state chip fund eyes DeepSeek stake in $45 billion AI bet
Beyond the Big Chip Fund, talks reportedly include major internet players such as Alibaba and Tencent, alongside other state-backed investors.
Hangzhou district moves to turn ‘China Compute Valley’ vision into reality
By 2035, officials expect the district’s AI industry revenue to surpass 100 billion yuan ($14.6 billion), forming the backbone of the envisioned hub.
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