DeepSeek Seeks 70 Billion Yuan for Open-Source AI Development
Chinese AI company DeepSeek is seeking a 70 billion yuan funding round to support its AGI ambitions. The round includes a 10 billion yuan state investment from Beijing. AI startup DeepSeek has reportedly committed to developing open-source AI models rather than pursuing short-term commercialization. Founder Liang Wenfeng has assured investors that the company will prioritize open-source development over short-term commercialization, aiming for artificial general intelligence.
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