DeepSeek raises $7B at $50B valuation

11 hours ago

DeepSeek is raising a $7 billion round at a $50 billion valuation, becoming China's largest AI raise.
Founder Liang Wenfeng personally contributes 40% ($3 billion) and owns 90% of the company.
DeepSeek was founded within his highly successful hedge fund, aiming to acquire compute and achieve profitability.

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