DeepSeek’s senior management, including founder Liang Wenfeng, tells prospective investors that the company’s new external funding round is focused on long-term artificial intelligence research rather than near-term revenue, according to people familiar with the discussions. The startup is said to be raising about 70 billion yuan (roughly $10 billion), and this appears to be its first outside funding round. Investors are told that DeepSeek will prioritize “frontier” research work from its Hangzhou laboratory as a primary direction. In these discussions, Liang Wenfeng frames artificial general intelligence (AGI) as the company’s main goal. Multiple accounts also describe an emphasis on continued open-source model releases, suggesting that the approach will remain oriented toward making its models publicly available rather than moving immediately toward product commercialization. The reports do not provide confirmation of deal size details beyond the reported round size, nor do they specify the timeline or valuation terms. The communications focus on strategic priorities—AGI research and open releases—while the funding process advances.
DeepSeek founder says AGI is goal as $10 billion funding round progresses
DeepSeek’s senior management, including founder Liang Wenfeng, tells prospective investors that the company’s new external funding round is focused on long-term artificial intelligence research rather...
- DeepSeek is in an external funding round reported at about 70 billion yuan (around $10 billion).
- Founder Liang Wenfeng and senior management tell prospective investors that the company prioritizes frontier AI research over short-term commercialization.
- DeepSeek’s Hangzhou lab is described as the center of this research focus.
- AGI is presented as a primary goal in investor discussions.
- Reports indicate DeepSeek plans to keep releasing open-source models.
Liang Wenfeng tells prospective investors the Hangzhou lab will prioritise frontier research over revenue, in its first-ever external raise. DeepSeek founder Liang Wenfeng has told prospective investors in the company’s first outside funding round that the lab intends to pursue artificial general intelligence as a primary goal, and will keep releasing open-source models rather than […] This story continues at The Next Web
3 months agoDeepSeek’s senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup will prioritize groundbreaking AI research over short-term commercialization, people familiar with the matter said.
3 months ago
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