DeepSeek Halts Fundraising After CEO's Leaked Comments on Nvidia Reliance and AI Challenges
Covered by 2 sources
DeepSeek, a Chinese AI hedge fund, suspended its second funding round following a viral leak of CEO Liang Wenfeng's remarks about China's dependence on Nvidia chips and the AI technology gap with the US. The company had aimed for a $71 billion valuation and is working on its own AI chip to lessen Nvidia reliance amid geopolitical tensions.