DeepSeek reportedly in talks to raise $1.5B, then IPO
DeepSeek, the Chinese large language model developer, is said to be preparing for a 2027 IPO debut as it also looks to raise around $1.5 billion in new funds at a $71 billion valuation.
deepseek
DeepSeek could hit $45B valuation from its first investment round
The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI and Anthropic.
DeepSeek previews new AI model that ‘closes the gap’ with frontier models
DeepSeek says both models are more efficient and performant than DeepSeek V3.2 due to architectural improvements, and have almost “closed the gap” with current leading models, both open and closed, on reasoning benchmarks.
Anthropic accuses Chinese AI labs of mining Claude as US debates AI chip exports
Anthropic accuses DeepSeek, Moonshot, and MiniMax of using 24,000 fake accounts to distill Claude’s AI capabilities, as U.S. officials debate export controls aimed at slowing China’s AI progress.
China’s Moonshot releases a new open-source model Kimi K2.5 and a coding agent
The company said that the model was trained on 15 trillion mixed visual and text tokens.
Reflection AI raises $2B to be America’s open frontier AI lab, challenging DeepSeek
Reflection, once focused on autonomous coding agents, has raised $2B at an $8B valuation to expand into both an opensource alternative to closed frontier labs like OpenAI and Anthropic, and a Western equivalent to Chinese AI firms like DeepSeek.
DeepSeek: Everything you need to know about the AI chatbot app
DeepSeek is backed by High-Flyer Capital Management, a Chinese quantitative hedge fund that uses AI to inform its trading decisions.
