Tencent and Alibaba Target Stakes in DeepSeek’s $20 Billion Valuation
- DeepSeek is seeking a valuation exceeding $20 billion in its first fundraising round.
- The initial target of $10 billion doubled due to strong investor demand.
- DeepSeek originally aimed to raise at least $300 million.
- Founder Liang Wenfeng previously funded the company with $5.6 million from his hedge fund High-Flyer.
- The company’s DeepSeek-V3 model offers high performance with fewer resources, contributing to its market appeal.
- NVIDIA PTX architecture faces challenges due to U.S. export restrictions, prompting evaluations of alternative chip ecosystems.
Chinese tech giants Tencent and Alibaba are interested in investing in DeepSeek, which seeks over $20 billion in valuation amid strong investor interest. The company’s strategic shift towards external funding marks a significant change from its previous independence.
Source (3.2)https://cryptobriefing.com/deepseek-funding-interest-tencent-alibaba/?rand=59535
