DeepSeek, an AI company, reportedly tells prospective backers in its second funding round that it is pausing the deal for now, according to people familiar with the matter cited by Bloomberg. The pause comes days after comments widely attributed to DeepSeek founder Liang Wenfeng about U.S.-China AI competition circulated online. Fortune reports that the suspension is linked, in part, to Liang’s frustration with online reporting about his remarks to investors during an earlier financing round. Together, the reports indicate the company’s fundraising activity is being paused while it reassesses engagement with potential investors amid renewed attention on the founder’s statements. The accounts do not provide additional details on how long the pause lasts, whether funds will be restructured, or what specific next steps DeepSeek plans to take. The information is presented as coming from individuals familiar with the situation rather than from a public statement by the company in the cited coverage.
DeepSeek reportedly pauses fundraising after viral remarks attributed to founder
DeepSeek, an AI company, reportedly tells prospective backers in its second funding round that it is pausing the deal for now, according to people familiar with the matter cited by Bloomberg. The paus...
- DeepSeek reportedly pauses its second fundraising round for now.
- The reports link the pause to viral comments attributed to founder Liang Wenfeng.
- Bloomberg says the decision is communicated to prospective investors, citing people familiar with the matter.
- Fortune reports the pause is tied in part to Liang’s frustration with online reports about his investor comments from an earlier deal.
- The coverage does not specify how long the fundraising suspension will last.
The suspension stemmed in part from Liang’s frustration over online reports about his comments to investors during his first financing deal.
2 hours agoDeepSeek has told prospective investors in its second fundraising round that it’s suspending the deal for now, people familiar with the matter said, days after comments widely attributed to founder Liang Wenfeng about US-Chinese AI competition went viral.
3 hours agoMeta rolls out free Facebook Verified badge using selfie-based identity checks
Meta introduces “Facebook Verified,” a free badge intended to help users recognize real people on Facebook amid growing...
Lagos seals more than 20 properties in Ikeja over planning violations
Lagos State authorities seal more than 20 properties in Ikeja Local Government Area for alleged breaches of the state’s...
Steph Houghton announces pregnancy with husband Stephen Darby amid MND battle
Former England footballer Steph Houghton says she is expecting her first child with her husband, Stephen Darby, in a per...