DeepSeek seeks funding at valuation of more than $10 billion

DeepSeek is in talks to raise at least $300 million at a valuation of at least $10 billion, The Information reported, citing two people familiar with the matter.

The company is seeking to bolster its financial reserves to be more powerful in the race to develop leading AI models, the report said.

The report pointed out that by raising funds from outside, DeepSeek can increase investment in computing resources, continue to develop artificial intelligence models, and pay higher salaries to top talents.