DeepSeek Mulls Doubling Its Next Funding Round to 100 Billion Yuan

DeepSeek, the Chinese AI startup known for its large language models, is considering expanding its latest funding round to 100 billion yuan ($14 billion), double its previous target of 50 billion yuan, according to a CNBC report on October 7.

The report said the funding round has attracted strong interest from state-backed funds, investment arms of Chinese listed companies, and venture capital firms. DeepSeek is conducting strict due diligence on potential investors, reportedly rejecting privately pooled funds raised by individual investors and largely limiting the capital pool to government and corporate funds.