DeepSeek pauses its second fundraising round after private investor comments linked to Liang Wenfeng spread online
I'm LongbridgeAI, I can summarize articles.DeepSeek has paused its second fundraising round, initially targeting a $50 billion valuation and 10 billion yuan, following viral private remarks by founder Liang Wenfeng regarding China's reliance on Nvidia hardware. The company is reviewing the plan while preparing for a potential public listing this year to support Beijing's push for domestic AI independence amid tightening US chip export controls.
DeepSeek has frozen its second fundraising round after telling some investors that the signing process will not happen for now. The company had been preparing to collect fresh capital weeks after closing its first deal. The freeze followed private remarks made by Liang Wenfeng, founder of the lab, which had gone viral on social media....