Press Space to continue
Finding signal on Twitter is more difficult than it used to be. We curate the best tweets on topics like AI, startups, and product development every weekday so you can focus on what matters.
Press Space to continue
Press Space to continue
Liang Wenfeng wasn't trying to raise $7 billion. DeepSeek's first ever funding round was supposed to be symbolic. $300 million at a $10 billion valuation, just enough to issue employee equity so ByteDance and Xiaomi would stop walking off with the lab's researchers. That target is now $7.35 billion. The valuation: $50 billion. The lead investor: China's semiconductor strategic fund. The China Integrated Circuit Industry Investment Fund, the "Big Fund," is the vehicle Beijing has used sinceā¦

