DeepSeek Nears $7B Funding Round at $45B Valuation on May 22

According to sources, on May 22, AI startup DeepSeek is in the final stages of a funding round worth approximately 70 billion yuan (about $7 billion), with a pre-money valuation around $45 billion. Founder Liang Wenfeng has committed to continuing development of open-source AI models while pursuing broader artificial intelligence goals. Tencent Holdings, IDG Capital, and Monolith Capital are close to confirming their participation in the round.
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