China’s DeepSeek is raising funds at $10 billion valuation: Report

Chinese artificial intelligence startup ​DeepSeek is in talks with investors ‌to raise at least $300 million ​at a valuation of $10 ⁠billion, The Information reported on Friday, citing two people familiar with the matter.

The ‌company, whose low-cost models took the AI industry by storm ‌and rattled stock markets ‌last ⁠year, has previously turned down ⁠multiple funding offers from China’s top venture capital firms and tech giants, the report ​said.