Deepseek prioritizes AGI over profits in $45B funding round
deepseek seeks a $45b valuation via a 70b yuan funding round, prioritizing agi research and open-source models over immediate profits.
deepseek is negotiating a $45 billion valuation in a 70 billion yuan funding round led by china's state-owned national ai industry investment fund, alongside investors like tencent and idg capital. founder liang wenfeng emphasized that the company will focus on artificial general intelligence research and open-source development rather than immediate revenue generation. the startup is reportedly developing 'deepseek code' to compete with claude code and chatgpt for b2b coding use cases. this state-backed investment aligns with beijing's strategy to maintain tight control over the domestic ai industry.