Tencent, Alibaba in Talks to Invest in DeepSeek at $20 Billion-Plus Valuation
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Open Source AI
Chinese tech giants Tencent Holdings and Alibaba Group are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, according to four people with knowledge of the conversations. DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is now seeking to raise funding at a valuation of than $20B, after its initial discussions with prospective investors generated immense interests, one of the people said.