DeepSeek Reportedly Suspends Funding Round Ahead of IPO

Chinese artificial intelligence startup DeepSeek has reportedly paused its second round of funding. That’s according to a report Saturday (July 25) from Bloomberg News, which says the decision comes days after viral comments on American-Chinese AI competition, widely attributed to the company’s founder. Sources familiar with the matter told Bloomberg that DeepSeek had told some would-be investors they would not be signing investment agreements as planned.