DeepSeek nears $45 billion valuation as China’s ‘Big Fund’ leads investment talks, FT reports

May 6 (Reuters) - China’s biggest state-backed semiconductor investment vehicle, China Integrated Circuit Industry Investment Fund, is in talks to lead the financing of DeepSeek’s first fundraising that could value the frontier AI lab at about $45 billion, the Financial Times reported on Wednesday, citing four people with knowledge of the discussions.


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