DeepSeek's recent 70 billion yuan funding round, with Liang Wenfeng personally participating, reveals the unstoppable ambition for AGI.

DeepSeek is in the final stages of a funding round of up to 70 billion yuan, planning to focus on achieving AGI as its core strategy, emphasizing cutting-edge AI research and open-source ecosystems, with no short-term profit pursuit. Leading institutions such as Tencent, IDG, and Monolith are close to participating, and China’s National Integrated Circuit Industry Investment Fund is also in negotiations, planning to invest about 10 billion yuan. Founder Liang Wenfeng and Fantasia Quantitative will make deep co-investments, demonstrating a long-term commitment to computing power and model development. This is DeepSeek’s largest strategic transformation since its founding, leveraging industry capital to advance the AGI goal and breaking through closed-door R&D.