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Story summary
- The China Integrated Circuit Industry Investment Fund is negotiating to lead a round that could value DeepSeek at $45 billion.
- DeepSeek, founded in 2023 by Liang Wenfeng, is seeking $3-$4 billion to expand capacity, improve infrastructure, and retain talent.
- Tencent and Alibaba are reported to be discussing participation in the financing round.
- The investment would link DeepSeek to Beijing’s semiconductor strategy, giving it greater access to domestic chips and cloud resources.
