AIThe Next Webabout 2 hours ago
DeepSeek raises $7.4bn in China AI cash surge
1 min read
DeepSeek closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. Founder Liang Wenfeng raised outside money after Anthropic's Mythos model preview showed the need for more data and compute. China now hosts 381 unicorns, minting a new one every five days.
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