DeepSeek boosts capital, founder tightens control amid funding talks
On a look-through basis, Liang Wenfeng controls about 84.29% of DeepSeek, maintaining effective control of the company.
On a look-through basis, Liang Wenfeng controls about 84.29% of DeepSeek, maintaining effective control of the company.
The release follows an extended, almost 3-month delay that industry sources attribute in part to a transition in training infrastructure from Nvidia GPUs to Huawei Ascend chips.
Earlier discussions had suggested a baseline valuation of $10 billion, though negotiations remain ongoing and final terms could still change.
The update marks the first time DeepSeek has introduced functional tiering since its debut in November 2023, signaling a shift toward more refined product positioning.
DeepSeek also rebuffed Nvidia’s request for early access to V4, providing exclusive access instead to Huawei and select Chinese chip manufacturers.