DeepSeek’s first-ever round of external funding could value the Chinese AI start-up at $45 billion (£33bn), according to people familiar with the matter. The report said China’s largest state-backed semiconductor investment vehicle, the China Integrated Circuit Industry Investment Fund—commonly known as the “Big Fund”—is in talks to lead the round. Earlier reports indicated that Tencent Holdings and Alibaba Group are also in discussions to take part.

Valuation climb

DeepSeek’s valuation for the round has grown rapidly since talks began a few weeks ago. At the start, the company was reportedly seeking a

Source:Silicon UK News