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DeepSeek valuation approaches $45 billion; China's major fund plans to lead the Series A financing
Golden Finance reports, according to Reuters, that China’s largest state-supported semiconductor investment institution—the China Integrated Circuit Industry Investment Fund (National Big Fund)—is in talks to lead the first round of financing for DeepSeek. This round of funding may value the cutting-edge AI lab at around $45 billion. The news cites four people familiar with the matter, saying that negotiations are still ongoing.