<p>作者：馬丁</p>
<p>最近，中國領先的人工智能公司 DeepSeek 的首輪融資引起了市場的廣泛關注。根據外媒引用的消息來源，國家集成電路產業投資基金（國家大基金）計劃主導這一輪融資，融資後 DeepSeek 的估值可能達到 450 億美元，約合 3078 億元人民幣。這是自成立以來近三年來的首次外部融資，其估值在短短几周內從 200 億美元翻了一番，顯示出資本市場對中國頂級大規模人工智能模型的高度認可。</p>
<p>這一輪融資具有里程碑式的意義。</p>
<p>國家集成電路產業投資基金（大基金）此前專注於半導體領域的投資，現在公開宣佈首次進軍國內大規模語言模型領域，明確傳遞出人工智能與半導體產業協同發展的信號，以及構建國內技術閉環的決心。DeepSeek 憑藉其高性能和低計算功耗的優勢，已成為國內大規模模型的標杆企業。在國家級產業基金的支持下，其技術研發和商業化將獲得更強的支持。展望未來，人工智能正成為推動全球經濟增長的核心引擎，發展前景廣闊。在技術層面，人工智能正迅速從對話工具轉向決策和執行，智能代理技術不斷擴展應用邊界，開源生態蓬勃發展，輕量化、性價比高的模型正成為主流趨勢。在市場方面，全球人工智能產業穩步擴張，中國市場顯示出強勁的增長勢頭。預計到第十五個五年規劃期末，行業規模將超過 10 萬億元。隨着人工智能深入滲透各個行業，在製造、醫療、金融等領域的大規模應用，其產業價值不斷釋放。DeepSeek 的高估值和國家集成電路產業投資基金的戰略佈局是中國人工智能產業崛起的縮影。依託完整的產業鏈和充滿活力的技術創新生態，中國人工智能企業正在加速突破技術瓶頸，在全球競爭中佔據重要位置。中國人工智能產業的未來有望迎來高質量發展的新階段。</p>

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<p>DeepSeek，作為中國領先的人工智能公司，預計在其三年來的首次外部融資輪中，估值將接近 450 億美元，此輪融資由國家集成電路產業投資基金主導。這一從 200 億美元大幅提升的估值反映了市場對中國人工智能能力的強烈認可。此次投資標誌着該基金在人工智能領域的戰略轉變，突顯了人工智能與半導體之間的協同效應。隨着人工智能技術的發展並滲透到各個行業，中國的人工智能市場預計將超過 10 萬億元，顯示出強勁的增長和發展機會</p>

<p>Author: Martin</p>
<div class="lb-trans"><p>作者：馬丁</p>
</div><p>Recently, the first round of financing for DeepSeek, a leading AI company in China, has attracted significant market attention. According to foreign media citing sources, the National Integrated Circuit Industry Investment Fund (National IC Fund) plans to lead this round of financing, potentially valuing DeepSeek at $45 billion post-investment, equivalent to approximately RMB 307.8 billion.This is its first external financing round in nearly three years since its founding, and its valuation has more than doubled from $20 billion in just a few weeks, demonstrating the capital market's high recognition of China's top-tier large-scale AI models.</p>
<div class="lb-trans"><p>最近，中國領先的人工智能公司 DeepSeek 的首輪融資引起了市場的廣泛關注。根據外媒引用的消息來源，國家集成電路產業投資基金（國家大基金）計劃主導這一輪融資，融資後 DeepSeek 的估值可能達到 450 億美元，約合 3078 億元人民幣。這是自成立以來近三年來的首次外部融資，其估值在短短几周內從 200 億美元翻了一番，顯示出資本市場對中國頂級大規模人工智能模型的高度認可。</p>
</div><p>This round of financing is of landmark significance.</p>
<div class="lb-trans"><p>這一輪融資具有里程碑式的意義。</p>
</div><p>The National Integrated Circuit Industry Investment Fund (Big Fund), which has previously focused on investments in the semiconductor field, has now publicly announced its first foray into the domestic large-scale language model sector, sending a clear signal of the synergistic development of AI and the semiconductor industry and the construction of a closed loop for domestic technology. DeepSeek, with its high-performance and low-computing-power advantages, has become a benchmark enterprise for domestic large-scale models. With the support of the national-level industrial fund, its technological research and development and commercialization will receive stronger support. Looking to the future, artificial intelligence is becoming a core engine driving global economic growth, with broad development prospects. Technologically, AI is rapidly transitioning from dialogue tools to decision-making and execution, intelligent agent technology is continuously expanding application boundaries, the open-source ecosystem is thriving, and lightweight, cost-effective models are becoming the mainstream trend. In terms of the market, the global AI industry is steadily expanding, with the Chinese market showing strong growth momentum. It is estimated that the industry scale will exceed 10 trillion yuan by the end of the 15th Five-Year Plan period. As AI deeply penetrates various industries, with large-scale applications in manufacturing, healthcare, finance, and other fields, its industrial value continues to be released. DeepSeek's high valuation and the strategic layout of the National Integrated Circuit Industry Investment Fund are a microcosm of the rise of China's AI industry. Relying on a complete industrial chain and a vibrant technological innovation ecosystem, Chinese AI companies are accelerating breakthroughs in technological bottlenecks and occupying an important position in global competition. The future of China's AI industry is expected to usher in a new stage of high-quality development.</p>
<div class="lb-trans"><p>國家集成電路產業投資基金（大基金）此前專注於半導體領域的投資，現在公開宣佈首次進軍國內大規模語言模型領域，明確傳遞出人工智能與半導體產業協同發展的信號，以及構建國內技術閉環的決心。DeepSeek 憑藉其高性能和低計算功耗的優勢，已成為國內大規模模型的標杆企業。在國家級產業基金的支持下，其技術研發和商業化將獲得更強的支持。展望未來，人工智能正成為推動全球經濟增長的核心引擎，發展前景廣闊。在技術層面，人工智能正迅速從對話工具轉向決策和執行，智能代理技術不斷擴展應用邊界，開源生態蓬勃發展，輕量化、性價比高的模型正成為主流趨勢。在市場方面，全球人工智能產業穩步擴張，中國市場顯示出強勁的增長勢頭。預計到第十五個五年規劃期末，行業規模將超過 10 萬億元。隨着人工智能深入滲透各個行業，在製造、醫療、金融等領域的大規模應用，其產業價值不斷釋放。DeepSeek 的高估值和國家集成電路產業投資基金的戰略佈局是中國人工智能產業崛起的縮影。依託完整的產業鏈和充滿活力的技術創新生態，中國人工智能企業正在加速突破技術瓶頸，在全球競爭中佔據重要位置。中國人工智能產業的未來有望迎來高質量發展的新階段。</p>
</div>

DeepSeek 的估值接近 450 億美元，這為國內人工智能行業帶來了新的發展機遇