DeepSeek Shuns Short-Term Profits While Seeking $45 Billion Valuation

DeepSeek is in advanced discussions for a funding deal that could raise $10 billion and value the company at $45 billion, Bloomberg reported Friday (May 22). If DeepSeek raises $10 billion, it could set a record for a first-time financing by a Chinese tech startup, according to the report. The discussions are ongoing, and the details could change, per the report.