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DeepSeek raised $7.4 billion in its first external funding round, granting equity and voting rights only to a Chinese state fund while every other investor got neither. Key Points: DeepSeek raised more than 50 billion yuan, about $7.4 billion, at a valuation above $50 billion. Founder Liang Wenfeng

DeepSeek closed its first outside funding round on Tuesday, raising more than $7 billion through a structure that funnels investor capital into a partnership controlled by founder Liang Wenfeng. Key Points: DeepSeek pulled in more than $7.4 billion in its maiden round of outside capital. Liang Wenfe

Key Points DeepSeek is preparing to raise approximately 50 billion yuan, or $7.4 billion, in its first outside funding round. The round values DeepSeek at up to $59 billion. This would be DeepSeek's first external raise after operating on internal Liang Wenfeng capital. The timing follows Anthropic'

China's DeepSeek on Friday released a new artificial intelligence model that fell short of closing the performance gap with leading US labs. The result tempers expectations that had built since the firm's earlier R1 release shocked the industry in January 2025, according to Bloomberg. What The Mode

DeepSeek, a prominent open-source AI model from China, is capturing attention in Silicon Valley with its optimistic projection for Bitcoin. The AI forecasts a significant rise in Bitcoin's value, predicting a peak between $500,000 and $600,000 by Q1 2026. This analysis considers historical models, o